Sensex up 500 pts,Nifty 160 pts

Sensex on fire, up 600 pts

As stocks vaulted higher on hectic buying in early trades, the Sensex soared to 17,908.13, gaining more than 600 points in a flash.
At 17,807, the barometer is up nearly 520 points or 3% at present.
The Nifty, which spurted to 5399.70, is up 160 points or 3.1% at 5361.80.
IT, metal, automobile, bank, capital goods and realty stocks are up with handsome gains.

Power, oil, pharma, consumer durables and FMCG stocks are also mostly trading sharply higher


Metal stocks are the top gainers in the market led by Hindalco which is trading 8.5 percent higher at Rs 139, while Sterlite is up by 7 percent at Rs 131 and Tata Steel is up by 6.25 percent at Rs 479.50.
Tata Motors trades 6.65 percent higher, while Jindal Steel is up y 6.25 percent.