Sensex up 89pts; SBI gains 3%

The Sensex has recovered from the day's low of 14,164, and is now up 89 points at 14,253.

SBI has surged 2.5% to Rs 1,452. Tata Motors, Tata Steel and Maruti have rallied over 2% each to Rs 636, Rs 572 and Rs 793, respectively.

Mahindra & Mahindra and Reliance Energy have gained 2% each at Rs 637 and Rs 719, respectively.

Hindalco has moved up 1.7% to Rs 142. BHEL, ONGC and Ranbaxy are up over 1% each at Rs 1,682, Rs 793 and Rs 352, respectively.

HDFC Bank has slipped over 1% to Rs 1,087. Infosys is the other prominent loser among the index stocks.

The market breadth is marginally positive - out of 2,388 stocks traded so far, 1,215 have advanced, 1,107 have declined and 66 are unchanged.