The Sensex opened on a firm note at 7,374 - up 27 points over its previous close of 7,347. Extended buying support in select counters saw the index scale to a new intra-day high of 7,393 in early trades.The market thereafter steadily came off its early highs as profit-taking trimmed the gains of the index. Lack of fresh buying support saw the market exhibit a positive, range-bound trend, before sharp fall in select old and new economy stocks towards the closing hours saw the index tumble to a low of 7,334.The Sensex fianlly settled the session with a loss of four points at 7,343. The Nifty, however, held gains and ended five points up at 2,242.While 16 Sensex stocks advanced, 14 declined today. Advancing shares clocked a volume of 70 lakh for Rs 340.18 crore, and declining shares accounted for a volume of 27 lakh for Rs 134.36 crore.The market breadth, however, was postive. Of 2,590 scrips traded on the BSE, 1,485 advanced, 1,053 declined and 52 remained unchanged.Infosys lost 1.11% (Rs 25) to Rs 2,233, while TCS was down a per cent (Rs 9) at Rs 1,308. Satyam, however, rose 1.34% (Rs 7) to Rs 504.ITC declined 1.41% (Rs 24) to Rs 1,672. Reliance Industries notched up 2.11% gains (Rs 14) to Rs 679, while ONGC added Rs 4 to Rs 920. HDFC Bank and ICICI Bank edged marginally lower to close at Rs 636 and Rs 440, respectively. SBI, however, ended in the green at Rs 724.ACC, which rose 4% yesterday, settled with a loss of 1.12% (Rs 5) at Rs 438. While Gujarat Ambuja, too, ended marginally weak at Rs 61, Grasim bucked the downtrend and jumped 3% (Rs 34) to Rs 1,175.Hero Honda, continuing with its yesterday's slump, shed 3.42% (Rs 22) to Rs 614. Bajaj and Tata Motors were down a per cent each at Rs 1,392 (down Rs 10) and Rs 470 (down Rs 6), respectively. Maruti, however, ended with steady gains at Rs 460.HDFC tumbled 2.22% (Rs 20) to Rs 880, and Bharti dropped 2% (Rs 5) to Rs 250.BHEL, however, moved up 2% (Rs 18) to Rs 939, and L&T clocked a per cent gain (Rs 10) to Rs 1,296.Pharma scrips scaled up on strong buying support. Gufic Bioscience vaulted 19.92% (Rs 5) to Rs 29. While Morepen Labs shot up 6.64% to Rs 8, Aurobindo Pharma added 3.98% (Rs 14) to Rs 362. Sun Pharma, Novartis, Vimta Labs, Wyeth, Aarti Drugs, Merck and Abbott India were up in a range of 2-3%.Biocon, however, which reported a 20% dip in its Q1, dropped 3.22% (Rs 15) to Rs 437.Reliance Industries led the value chart with a turnover of Rs 115 crore, followed by Tisco (Rs 56 crore), SBI (Rs 50 crore) and Satyam (Rs 37 crore), respectively.