Sensex up 120pts; ICICI Bank holds fort

The Sensex is now up 120 points at 10,932.

ICICI Bank has rallied 4% to Rs 591. Bharti Airtel has surged 2.7% to Rs 403.

Tata Motors and ITC have gained around 1.5% each at Rs 760 and Rs 171, respectively.

Larsen & Toubro, HDFC, ONGC and Bajaj Auto, Grasim, SBI, Wipro, Reliance, Tata Steel, BHEL, HDFC Bank, Satyam, Maruti and NTPC have advanced around 1% each.

Out of 2,281 stocks traded so far, 1,424 have advanced, 769 have declined and the rest are unchanged.