Sensex rangebound

After a positive start, the sensex exhibited signs of of volatility and finally eased up after thirty minutes of the trading session.

The index is howering in a range of 6,760 - 6,770 and is currently 20 points up at 6,769. Although IT and PSU counters are still in selling mode, banking, pharma and auto stocks are recovering and aiding the index in sustaining its gains.

Sentiments were lifted in Relaince group stocks on the news that Ambani brothers have finally agreed on a truce. Reliance Energy has leaped up 2% (up Rs 12) to Rs 542 and RIL has surged by a per cent to Rs 556.

Infosys weakened by a per cent (down Rs 15) to Rs 2,243, while Satyam has also dipped by a per cent to Rs 459.

Hindalco climbed up 2% (up Rs 21 ) to Rs 1,115, while L&T has dwindled 2% to Rs 1,093. ONGC has declined by a per cent (down Rs 7) to Rs 930.

FMCG heavyweights are trading firm. HLL is up with strong gains of 2% at Rs 150, while ITC has marched up Rs 5 to Rs 1,587.

Banking stocks have recovered from their early lows. ICICI Bank and SBI have leaped up by a per cent each to Rs 398 and Rs 666 respectively.

Cipla notched up to Rs 290 and Dr Reddy edged lower to Rs 730. Ranbaxy is marginally up by a rupee at Rs 1,101.

Hero Honda added a rupee to Rs 559 and Maruti has slipped marginally to Rs 452.