Sensex up 98pts; market breadth positive

The Sensex is now up 98 points at 12,419.

ICICI Bank and HDFC have surged 2% each to Rs 692 and Rs 1,447, respectively.

ITC and Ranbaxy have gained around 1.5% each at Rs 187 and Rs 424, respectively.

Dr.Reddy's, HDFC Bank, ACC, Tata Steel, Cipla and Grasim are up over 1% each.

The market breadth is extremely positive - out of 2,046 stocks traded so far, 1,382 have advanced, 603 have declined and 61 are unchanged.