Sensex up 104pts; United Western plunges 39%

The Sensex is now up 104 points at 11,882.

Tata Motors has advanced 1.5% to Rs 877. Satyam and Hindalco have added 1.3% each to Rs 810 and Rs 175, respectively.

TCS, Maruti, Tata Steel, HDFC Bank, ONGC and Cipla are up 1% each.

United Western Bank crashed to a low of Rs 10 and is now down 39% at Rs 13.80. The counter has witnessed brisk trading and around 45 lakh shares have changed hands at the counter compared to its 2-week average traded volume of around 15,000 odd shares.

ICICI Bank has advanced over 1% to Rs 616. Federal Bank has surged 3.5% to Rs 205. Canara Bank has rallied 3% to Rs 235.