Sensex up 34pts, Tata Steel gains 3%

The Sensex is now up 34 points at 13,931.

Tata Steel has moved up nearly 3% to Rs 550. ONGC is still up 1.5% at Rs 935. HDFC has gained 1.5% to Rs 1,675.

Reliance Communications, L&T, Bharti, Hero Honda and Wipro are trading with gains of 1% each.

ITC is down nearly 3% at Rs 156. SBI, Reliance and HDFC Bank continue to be weak.