The Sensex is exhibiting high volatility in early trades. The index touched a high of 11,977, and a low of 11,866. The index is now down 14 points at 11,882.Reliance has rallied 2.8% to Rs 946. Hindalco has surged over 2% to Rs 209.Bajaj Auto has advanced 1.5% to Rs 2,991. Tata Steel and Tata Power are up over 1% each at Rs 616 and Rs 589, respectively.Ranbaxy and HDFC Bank have dropped over 1.5% each to Rs 473 and Rs 834, respectively.HDFC, TCS, Wipro, Infosys and Gujarat Ambuja are down over 1% each at Rs 1,285, Rs 1,993, Rs 554, Rs 3,249 and Rs 117, respectively.