Sensex range bound; up 34 points

After a volatile trading session during early morning trades, the market recovered from its lows and is in a rangebound mode between 7,665 - 7,675.

The Sensex is currently at 7,669, up 35 points from its previous close of 7,635.

Hindustan Lever (HLL) jumped 5% to Rs 174 after the company reported better than expected Q2 results. On the other hand, ITC slumped more than a per cent to Rs 1,658 (down Rs 22).

Auto stocks are trading in the green on the back of good sales growth in June. Maruti and Hero Honda leapt 2% each (up Rs 10 and Rs 16) to Rs 492 and Rs 630, respectively. Bajaj Auto moved up by Rs 3 to 1,447.
Tata Motors gained 4% and is currently trading at Rs 501.

Reliance Industries recovered from its early lows and is trading a per cent higher at Rs 709. ONGC too rebounded from lower levels to Rs 948 (up Rs 10).

NTPC surged 5% to Rs 98, while Tata Power advanced 3% to Rs 403.

Ranbaxy leaped up 9% to Rs 515, whereas Pfizer slumped by a per cent to Rs 815. Cipla and Dr Reddy are also in the red.

IT pivotals suffered a setback today. i-flex slumped 7% to Rs 792 after it reported dismal Q1 numbers and Infosys marginally slipped into red at Rs 2,266 (down Rs 3).

Bharti Tele-Ventures rose 2% to Rs 284.

Grasim, which was the biggest loser among Sensex constituents is recovering plunged 3% to Rs 1,151.