Sensex up 23pts; Larsen & Toubro surges 4%

The Sensex continues to swing in and out of the positive zone and is now up 23 points at 10,474.

Larsen & Tourbo has surged nearly 4% to Rs 2,276 on hopes of liberal bonus issue. The company's board is scheduled to meet on June 07 to consider the bonus proposal.

HDFC has rallied over 3% to Rs 1,215. Hero Honda and NTPC are the other prominent gainers.

ACC has shed 2.6% to Rs 766. Hindalco and Satyam have slipped over 2% each to Rs 176 and Rs 655, respectively.

Out of 2,192 stocks traded so far, 1,240 have declined, 889 have advanced and 54 are unchanged.