Sensex up 127pts; tech stocks perk up

The Sensex is now up 127 points at 12,301.

SBI has surged 2.5% to Rs 996. HLL, Wipro and TCS have advanced over 2% each to Rs 259, Rs 525 and Rs 1,045, respectively.

HDFC, BHEL and ICICI Bank have gained 1.8% each at Rs 1,417, Rs 2,367 and Rs 672, respectively.

Maruti has moved up 1.5% to Rs 941. Bajaj Auto, Hero Honda, Reliance, ONGC, Tata Steel, Satyam, HDFC Bank, Tata Motors and Reliance Communications are up around 1% each.