Sensex recovers

Rapid movement in the share prices has seen the index continue to oscillate between positive and negative zones.

Steady gains in select heavyweight, tech, banking and auto stocks has lifted the index from lower levels in the current trades. Pharma majors, however, are still exihibiting weak trends.

The Sensex is now up six points at 6,314. The Nifty is still weak at 1,979 - down three points.

ITC has advanced 1.32% (Rs 17) to Rs 1,290, after a weak opening. Reliance and HLL are marginally down at Rs 533 and Rs 142, respectively.

Infosys is still up a per cent (Rs 12) at Rs 2,006. While Wipro has inched up by Rs 3 to Rs 681, Satyam is up Rs 2 at Rs 376.

SBI has added 1.18% (Rs 7) to Rs 607, and ICICI Bank has rolled back into the gree to Rs 351 - up Rs 3. HDFC Bank, however, is down a per cent (Rs 3) at Rs 486.

Bajaj has moved up 1.13% (Rs 12) to Rs 1,105, and Maruti is up 1.12% (Rs 5) at Rs 428. Tata Motors has logged 1.70% gains (Rs 8) to Rs 483. Hero Honda (down Rs 2 to Rs 572), however, is trading on a subdued note.

Tata Power has moved up 2.46% (Rs 9) to Rs 363. While BHEL is up with a steady gain of Rs 3 at Rs 743, Bharti is up a notch at Rs 203. While Hindalco has shed 1.68% (Rs 22) to Rs 1,282, L&T is down nearly 2% (Rs 19) at Rs 954.

Ranbaxy at Rs 1,139 (down Rs 25 or 2.16%), Cipla at Rs 273 (down Rs 9 or 3%) and Dr. Reddy's at Rs 781 (down Rs 13 or 1.69%) are reeling under selling pressure.