Markets range-bound, Zee drops 3%

The market is languishing in negative territory as sluggish trend continues in select heavyweights, banking and auto counters.

Although pharma and select tech major are exhibiting a firm trend in early noon trades, the Sensex is weak at 6,534 - down five points. The Nifty is flat at 2,014.

ONGC is down a per cent (Rs 5) at Rs 863, while Reliance is subdued at Rs 528 - down Rs 3. ITC is trading with a per cent gain (Rs 11) at Rs 1,504.

Zee has tumbled 3.73% (Rs 6) to Rs 144.

ICICI Bank has dropped 2% (Rs 8) to Rs 394, while SBI is up with a steady gain of Rs 4 at Rs 654.

Bajaj has declined 1.52% (Rs 18) to Rs 1,198, and Hero Honda is down a per cent (Rs 6) at Rs 566. While Tata Motors has gained  a per cent (Rs 4) to Rs 437, Maruti is up Rs 2 at Rs 456.

Infosys is holding on to a per cent gain (Rs 15) at Rs 2,150. While Wipro, too, is trading a per cent higher (Rs 6) at Rs 673, Satyam (down Rs 7 or 1.52% to Rs 453) is displaying a range-bound trend.

Cipla has inched up by 1.56% (Rs 4) to Rs 277. While Ranbaxy is up a per cent (Rs 8) at Rs 989, Dr. Reddy's has shed 1.70% (Rs 12) to Rs 84.

L&T and HPCL are down a per cent each at Rs 1,073 (down Rs 8) and Rs 335 (down Rs 3), respectively.