Strong rally in pharma stocks coupled with steady buying support in other select old economy stocks has seen the index reverse its trend into the green, after a flat opening and a subsequent dip on selective selling pressure. The Sensex, which touched a high of 6,581, is now up 11 pts at 6,576. The Nifty is steady at 2,031 - up two points.ONGC at Rs 873 (up Rsw 2) and ITC at Rs 1,509 (up Rs 8) are trading with steady gains. Reliance, however, is trading with a tepid loss of Rs 2 at Rs 529.Ranbaxy has shot up 3.15% (Rs 32) to Rs 1,034. While Dr. Reddy's has moved up 1.54% (Rs 11) to Rs 701, Cipla is up 1.42% (Rs 4) at Rs 282.Grasim, Gujarat Ambuja and ACC are up a per cent each at Rs 1,125 (up Rs 7), Rs 436 (up Rs 3) and Rs 384 (up Rs 3), respectively.Bajaj has clocked a per cent gain (Rs 8) to Rs 1,214. Other auto stocks are exhibting a divergent trend.HDFC Bank (down Rs 3 to Rs 542) is trading on a subdued note, while ICICI Bank is down a rupee at Rs 398. SBI, however, is trading with a per cent gain (Rs 5) at Rs 668.
