Sensex down only 297pts, Satyam zooms 2%

Buying is gaining momentum in noon deals, and the Sensex is now down only 297 points at 14,803.

Bharti is still down 4% at Rs 833.

Hindalco and HDFC continue to trade with losses of over 3% at Rs 150 and Rs 1,939, respectively.

ICICI Bank is also down 3% at Rs 860.

Reliance is steady at Rs 1,805 - down 2%.

Satyam has zoomed nearly 2% to Rs 475. Infosys is also in positive zone, and is up marginally at Rs 1,939.

Market breadth continues to be bearish - out of 2,573 scrips traded till now, 1,828 are still down.