Selling grips tech, banking, heavweights

The Sensex, which slipped from a high of 6,814 in early trades, has further lost ground owing to added selling pressure in select heavyweights, banking, tech and other old economy stocks.

After dipping to a low of 6,757, the Sensex is now down 23 points at 6,759. The Nifty has inched lower by four points to 1,087.

Reliance has inched lower by a per cent (Rs 5) to Rs 561.

HDFC Bank has lost 1.34% (Rs 8) to Rs 568, while SBI has slipped a per cent (Rs 6) to Rs 674. ICICI Bank is down a rupee at Rs 406.

Wipro has shed a per cent (Rs 7) to Rs 717. While TCS is trading lower at Rs 1,261, Satyam is down a per cent (Rs 3) at Rs 461. Infosys (up Rs 7 to Rs 2,220), however, is trading with tepid gains. 

Maruti has shed 1.40% (Rs 6) to Rs 443, while Bajaj, after a positive opening, has slipped a per cent (Rs 13) to Rs 1,225. Tata Motors, too, is trading a per cent lower (Rs 3) at Rs 420.

Cipla has declined 1.58% (Rs 5) to Rs 286, while Ranbaxy is down a per cent (Rs 10) at Rs 1,050. Dr. Reddy's is down a rupee at Rs 712.

HDFC at Rs 836 (down Rs 8) has edged lower from its early trades. Tisco, which has entered into a JV agreement with an Iranian firm, is down a per cent (Rs 2) at Rs 333.

ONGC, however, has moved up 1.21% (Rs 11) to Rs 912. ITC and HLL are trading with steady gains at Rs 1,567 and Rs 146, respectively.