Bulk data insertion in mysql and PHP

$conn = mysql_connect("localhost", "root", '111111', false, 65536)or die(mysql_error());

$studentName = array("Rahul", "Ravi", "Sachin", "Vikas","Sunidhi");

foreach($studentName as $value){

$query_arr[] = "(NOW(),NOW(),$value)";
}


$bulk_ins_qry = "INSERT INTO tbl_student (creationdate,lastupdate,name)
                    VALUES";

$bulk_ins_qry .= implode(",",$query_arr);
mysql_query($bulk_ins_qry, $conn);