Steady recovery continues, Sensex down 59 pts

The market, though still in negative territory, has made some further recovery from its early lows following stock-specific gains and paring of losses in most of the counters.

The Sensex, as a result, is now down 59 points at 6,189. The Nifty has inched closer to its previous close and is now down 14 points at 1,942.

Reliance has shed 1.72% (Rs 9) to Rs 521, while ONGC is down a per cent (Rs 8) at Rs 839.

HDFC Bank (down Rs 16 or 3% to Rs 521) and ICICI Bank (down Rs 12 or 2.89% to Rs 391) are largely unchanged from their early lows. SBI, however, has logged a steady gain of Rs 2 at Rs 624.

Infosys has shed 1.53% (Rs 30) to Rs 1,927, and Wipro is trading a per cent lower (Rs 4) at Rs 601. Satyam is unchanged with a per cent gain (Rs 4) at Rs 386.

Dr. Reddy's has declined 3% (Rs 22) to Rs 690, and Cipla is down a rupee at Rs 233. Ranbaxy is trading with a per cent loss (Rs 10) at Rs 942.

Tata Motors has advanced 2.25% (Rs 9) to Rs 419, while While Maruti is up 1.49% (Rs 6) at Rs 412. Hero Honda, however, is down 1.37% (Rs 7) at Rs 511.

HPCL is trading firm with 2.44% gains (Rs 8) at Rs 330. Bharti is up a rupee at Rs 204, after reporting steep losses in early trades.