Markets rallying in the afternoon trade

Bulls seems to be in full swing as heavy buying was witnessed across the sectors.The Sensex had surged over 300 points, with big contribution from pivotals.At 14.30 pm the sensex was up 346 points at 12926 while Nifty was up 111 points at 3738.

Reliance Industries (RIL) advanced 2.6% to Rs 1323, and IPCL jumped 16% to Rs 268.70.
HLL,Dr Reddys Lab,Grasim and Guajrat Ambuja Cements were the top gainers on the sensex, while IPCL,Sail,HLL and Gujarat Ambuja Cements were the top gainers on the Nifty. Dabur was the top loser on the Nifty.