Sensex up 65pts; Hero Honda down 2%

The Sensex is now up 65 points at 11,958.

Grasim and Dr.Reddy's have surged nearly 3.5% each to Rs 2,405 and Rs 763, respectively.

ICICI Bank, Satyam and ACC have rallied 1.7% each to Rs 642, Rs 816 and Rs 947, respectively. Gujarat Ambuja is up 1.5% at Rs 115.

TCS and Reliance are up around 1.3% each at Rs 1,011 and Rs 1,130, respectively.

Hero Honda has slipped over 2% to Rs 761. NTPC and Reliance Communications have dropped 1.4% each to Rs 128 and Rs 320, respectively.

HDFC and HDFC Bank are down over 1% each at Rs 1,337 and Rs 864, respectively.

Out of 2,516 stocks traded so far, 1,289 have declined, 1,135 have advanced and the rest are unchanged.