Sensex still weak

Weakness in tech, banking, pharma and other select old economy counters has seen the market continue to languish in negative territory. Although select heavyweights are displaying a firm buying trend, the overall market-mood is sluggish with the Sensex now down 18 points at 6,875. The Nifty, however, has sneaked into positive territory with a points gain at 2,162.

Infosys has tumbled 1.81% (Rs 41) to Rs 2,210, while Satyam has declined 1.61% (Rs 7) to Rs 412. Wipro is trading lower by 1.48% (Rs 11) at Rs 704.

ICICI Bank has slipped a per cent (Rs 3) to Rs 388, and SBI is down a tad at Rs 721. HDFC Bank, however, is up Rs 2 at Rs 620.

HLL is marginally down at Rs 144.

Cipla has shed nearly 3% (Rs 9) to Rs 287. While Ranbaxy is also trading in the red with a per cent loss (Rs 9) at Rs 1,083, Dr. Reddy's is up a per cent (Rs 6) at Rs 757.

Bharti continues to trade with steep losses at Rs 224 - down Rs 5 or 2.29%. Tisco is down a per cent (Rs 3) at Rs 429.

ONGC, however, is trading firm with a surge of 2.19% (Rs 20) to Rs 932. Reliance and ITC are trading with a per cent gain each at Rs 1,380 (up Rs 8) and Rs 593 (up Rs 5), respectively.

Hindalco and HPCL are up a per cent each at Rs 1,444 (up Rs 10) and Rs 339 (up Rs 4), respectively.