Sensex up 78pts; Wipro drops 2.5%

The Sensex is now up 78 points at 10,305.

Gujarat Ambuja and Tata Steel have gained 1.6% each at Rs 104 and Rs 485, respectively.

Larsen & Toubro, Grasim, HDFC, Reliance Communications, Dr.Reddy's, BHEL, ACC and ONGC are the other smart gainers.

Wipro has shed 2.5% to Rs 473. TCS and Reliance are also in red.