Sensex up 9pts, Ranbaxy drops 2%

The Sensex is now up nine points at 8,544.

Hero Honda is up 1.5% (Rs 13) at Rs 848. Maruti is up Rs 6 at Rs 585.

ITC has moved up Rs 2 to Rs 127. ONGC has added Rs 13 to Rs 1,006. While SBI is up Rs 3 at Rs 877, Reliance is up a rupee at Rs 820.

TCS has gained Rs 13 to Rs 1,512. Satyam and Wipro are also trading with gains.

Ranbaxy has dropped 2.4% (Rs 9) to Rs 368. Tata Steel has declined nearly 2% (Rs 7) to Rs 344. Bharti Tele, NTPC and ACC are also trading with losses.