Sensex down 10pts; SBI rallies 3%

The Sensex is now up 10 points at 10,751.

Dr.Reddy's has soared over 4% to Rs 1,424. SBI has rallied 3.3% to Rs 788. BHEL has gained 2.7% at Rs 2,005.

Hindalco and Tata Steel are up up nearly 2% each at Rs 169 and Rs 505, respectively. Ranbaxy is up 1% at Rs 370.

Bajaj Auto, Bharti Airtel and HDFC are down over 1% each to Rs 2,514, Rs 392 and Rs 1,178, respectively.

The market breadths is fairly positive - out of 1,988 stocks traded so far, 1,149 have advanced, 760 have declined and 79 are unchanged.