Sensex up 16pts; Cipla, ONGC drop

The Sensex is now up 16 points at 13,011.

Gujarat Ambuja has surged 2.5% to Rs 134, and Reliance Communications has advanced 2.3% to Rs 413.

SBI has moved up 1.8% to Rs 1,201. Reliance, ICICI Bank and Satyam are up 1% each at Rs 1,223, Rs 815 and Rs 445, respectively.

Cipla and ONGC have shed around 2.5% each to Rs 234 and Rs 786, respectively.

TCS has slipped 1.5% to Rs 1,103. HLL, Bajaj Auto, Hero Honda, NTPC, HDFC, Tata Motors and Wipro are down around 1% each.