Sensex down 13 pts; RIL, ITC bounce back

 The Sensex, as a result, is now down 13 points at 7,235. The Nifty, too, has erased some losses on selective buying, and is now down five points at 2,199.

 Reliance has drifted into the green with a spurt of 2% (Rs 13) at Rs 644. While ITC has soared 2.33% (Rs 40) to Rs 1,770, Reliance Energy is up a per cent (Rs 6) at Rs 626. ONGC (down Rs 6 to Rs 918), however, is still trading lower.

 ICICI Bank has tumbled 3.49% (Rs 16) to Rs 448, and SBI is down a per cent (Rs 6) at Rs 720. HDFC Bank, however, is marginally up at Rs 645.

 TCS has tumbled 3% (Rs 38) to Rs 1,232, while Infosys has dropped 1.94% (Rs 43) to Rs 2,160. Satyam (down Rs 6 to Rs 479) and Wipro (down Rs 7 to Rs 701), too, are exhibiting weak trends.

 ACC has gained 1.59% (Rs 7) to Rs 429. Other cement majors, however, are still trading at subdued levels.

 Ranbaxy has notched up 1.93% gains (Rs 20) to Rs 1,042. Other pharma counters are exhibiting a mixed trend.

 Hindalco has added 1.11% (Rs 14) to Rs 1,245.