Sensex up 70pts; HDFC Bank down 1%

The Sensex is now up 70 points at 11,602.

SBI has advanced 4% to Rs 908. Hero Honda has added over 2% to Rs 728.

Reliance Energy, ONGC, Tata Steel and Grasim are up around 1.5% each at Rs 464, Rs 1,208, Rs 525 and Rs 2,228, respectively.

ICICI Bank, Hindalco and Larsen & Toubro have gained 1% each at Rs 596, Rs 170 and Rs 2,380, respectively.

HDFC Bank has slipped over 1% to Rs 844.

The market breadth is extremely positive - out of 2,010 stocks traded so far, 1,457 have advanced, 492 have declined and the rest are unchanged.