Profit-taking: Reliance drops 1%

The Sensex has started shedding gains, and is now up only 34 points at 14,685.

Maruti and Reliance Communications are holding gains at Rs 773 and Rs 531, respectively.

Ranbaxy is still up over 2% at Rs 363. Dr. Reddy's and Cipla are trading with marginal gains.

Reliance has slipped nearly 1% to Rs 1,688. Gujarat Ambuja, TCS, Wipro and Hindalco are also trading with losses.