Sensex remains sluggish, down 33 pts

The undertone of the market remains bearish, with the index still displaying a range-bound trend following lacklustre trading in old and new economy stocks.

The Sensex, as a result, is now down 33 points at 6,422, while the Nifty is weak at 1,983 - down 11 points.

ONGC is down a per cent (Rs 5) at Rs 874. While ITC is subdued with a loss of Rs 7 at Rs 1,462, HLL is still down a rupee at Rs 131.

Infosys (down Rs 18 to Rs 2,043) is trading in a narrow range. While Wipro has shed 1.60% (Rs 10) to Rs 637, Satyam is marginally weak at Rs 428.

SBI, HDFC Bank and ICICI Bank are down a per cent each at Rs 612 (down Rs 4), Rs 534 (down Rs 5) and Rs 389 (down Rs 3), respectively.

Grasim and Gujarat Ambuja have lost a per cent each to Rs 1,142 and Rs 439, respectively.

Ranbaxy is down a per cent (Rs 6) at Rs 963. While Dr. Reddy's has lost 1.39% (Rs 9) to Rs 655, Cipla is down a tad at Rs 274.

Hindalco (up Rs 9 to Rs 1,210) have shed some gains on profit-taking. Zee has gained 1.45% (Rs 2) to Rs 153, after recent weakness.

Godrej Consumers, which soared to a high of Rs 346 on buyback announcement in early trades, is now up 12.44% (Rs 36) at Rs 325.