Sensex up 32pts, tech stocks log more gains

A positive, range-bound trend is prevailing in the market since mid-morning trades after the Sensex hit a new all-time intra-day high of 7,844 in early trades. Although tech stocks have attracted strong buying support, Reliance group stocks and other select counters have faltered under selling pressure.

The Sensex, as a result, is now up 32 points at 7,788, while the Nifty is steady at 2,363 - up nine points.

The market breadth is weak with 927 advances against 1,511 declines on the BSE so far.

Satyam has jumped 4.39% (Rs 23) to Rs 548. While Infosys has surged 2.39% (Rs 55) to Rs 2,355, Wipro is up 1.33% (Rs 10) at Rs 734.

ITC has flared up 3.65% (Rs 61) to Rs 1,730, and ONGC is still up a per cent (Rs 6) at Rs 964. While Reliance has dropped 1.88% (Rs 14) to Rs 728, Reliance Energy is down 1.18% (Rs 8) at Rs 636. HLL (down Rs 2 to Rs 169), too, is displaying weak trends.

HDFC Bank is up 1.26% (Rs 8) at Rs 677, and SBI is trading with a per cent gain (Rs 7) at Rs 810.

Bajaj is trading firm with a spurt of 3.82% (Rs 56) at Rs 1,523. While Tata Motors has declined 3.25% (Rs 17) to Rs 510, Hero Honda and Maruti are down a per cent each at Rs 623 and Rs 495, respectively.

Grasim is up 1.31% (Rs 15) at Rs 1,192. ACC and Gujarat Ambuja are witnessing weak trends at Rs 437 and Rs 66, respectively.

Hindalco has advanced 2% (Rs 26) to Rs 1,316, while L&T is up 1.60% (Rs 20) at Rs 1,264.