Sensex up 747pts; BHEL, RCom lead

The Sensex opened with a positive gap of 685 points at 17,415 on the back of 75 basis points rate cut by the US Federal Reserve. The index soon rallied to a high of 17,677, and then slipped to a low of 17,361.

The index is now up 747 points at 17,477.

The NSE Nifty has gained 186 points at 5,085.

BHEL and Reliance Communications (RCom) have soared 7.5% each to Rs 2,135 and Rs 618, respectively. HDFC Bank has zoomed 7% to Rs 1,540.

Reliance Energy has surged 6.6% to Rs 1,830. NTPC has rallied over 6% to Rs 209.

ICICI Bank and HDFC have advanced 5% each to Rs 1,182 and Rs 2,605, respectively.

DLF and Satyam have gained 4.7% each at Rs 908 and Rs 371, respectively.

Wipro, however, has plunged 5.8% to Rs 404.