Sensex gains 31pts, SBI up 2%

The Sensex is now up 31 points at 14,146.

SBI has moved up nearly 2% to Rs 1,231. Reliance Communications has gained 2% to Rs 438.

L&T is up 1.6% at Rs 1,545. ICICI Bank, Tata Steel and Tata Motors is also trading with gains.

HDFC Bank has slipped over 3% (Rs 36) to Rs 1,060.

ONGC is down 2% at Rs 902.

HDFC has slipped 1% to Rs 1,545. ITC is also down 1% at Rs 170.

Infosys and TCS are also trading on a weak note.