Sensex range-bound, up 19 pts

The market is displaying a range-bound (positive) trend in the afternoon trades as buying remains stock-specific, with steady selling pressure seen in select old and new economy counters.

The Sensex is now up 19 points at 6,464, while the Nifty is steady at 1,993 - up seven points.

ONGC is still trading a per cent higher (Rs 7) at Rs 884. ITC and Reliance have slipped a per cent each to Rs 1,469 (down Rs 10) and Rs 539 (down Rs 3), respectively. HLL is down a notch at Rs 132.

Infosys (down Rs 10 to Rs 2,053) is trading at subdued levels. While Wipro is up a per cent (Rs 4) at Rs 642, Satyam is up a rupee at Rs 430.

SBI is unchanged with a per cent gain (Rs 5) at Rs 620. Other banking stocks are displaying a weak trend.

Bajaj at Rs 1,138 (up Rs 12), Maruti at Rs 439 (up Rs 6), Hero Honda at Rs 553 (up Rs 2) and Tata Motors at Rs 433 (up Rs 4) continue to trade with steady gains.

Grasim and Gujarat Ambuja are trading with steady gains at Rs 1,149 and Rs 444, respectively.

Hindalco has edged higher by 1.22% (Rs 15) to Rs 1,223. While HDFC is trading higher by 2.30% (Rs 17) at Rs 753, L&T is up 1.37% (Rs 14) at Rs 1,017.