Sensex up 78pts, Allahabad Bk zooms 5%

The Sensex is now up 78 points at 11,590.

Reliance Communications is still up 3% at Rs 298. Hindalco is up 2.5% at Rs 165. Hero Honda is up 2% at Rs 710.

ONGC continues to trade 1.5% higher at Rs 1,208. Reliance is still up Rs 8 at Rs 1,077. SBI is up Rs 4 at Rs 887.

Allahabad Bank has added 6% to Rs 73.

Advances are ahead of declines - out of 2,494 scrips traded, 1480 have moved up, 944 have declined and 70 are unchanged.