Sensex up 34pts; ICICI advances 2%

The Sensex is now up 34 points at 12,740.

ICICI Bank has rallied 1.8% to Rs 839, and Reliance Energy has added 1.7% to Rs 484.

ITC is up 1% at Rs 142.

Satyam and Tata Motors have slipped over 1% each to Rs 440 and Rs 762, respectively.