Tata Tele, Cummins log huge gains

The market is still witnessing weak trends following sustained selling pressure in select heavyweights, tech and other old economy stocks. Although buying is seen in select mid-cap counters, the Sensex in the afternoon trades, is down 21 points at 6,658. The Nifty has slipped further to 2,108 - down seven points.

Advances are slightly weaker against the declines, with 1,217 losers and 1,086 gainers.

Reliance has dropped 2.18% (Rs 12) to Rs 531. ITC has lost a per cent (Rs 11) to Rs 1,302. HLL (up Rs 2 to Rs 147) is holding on to its gains.

Infosys (down Rs 20 to Rs 2,097) and Wipro (down Rs 3 to Rs 750) are still languishing in negative territories. Satyam at Rs 414 (up Rs 2) is trading with steady gains.

SBI is down a per cent (Rs 6) at Rs 650.

BHEL has lost 1.88% (Rs 15) to Rs 780. While Reliance is down Rs 2 at Rs 560, Tata Power has rolled back into the green to Rs 402 - up Rs 4.

Bharti has slipped a per cent (Rs 2) to Rs 225, and Hindalco is down a per cent (Rs 9) at Rs 1,433.

Zee is trading firm with a gain of 4% (Rs 7) at Rs 179. While ACC has moved up nearly 2% (Rs 7) to Rs 348, HPCL is up 1.14% (Rs 5) at Rs 412.

Select capital goods stocks have eased on selling pressure. HMT has shed 4.83% (Rs 3) to Rs 50, and Praj Industries has declined 2.60% to Rs 275. Gammon, Dredging and Alstom are down 2% each at Rs 760, Rs 481 and Rs 90, respectively. SKF is trading lower by 1.55% at Rs 156.

Tata Tele has notched up 7.13% gains (Rs 2) to Rs 36, on a volume of over 1.43 crore. Cummins, with a volume of over 74.31 lakh, has shot up 6.29% (Rs 8) to Rs 131, off its early high of Rs 138. Himachal Futuristics, on a volume of over 63.88 lakh, has flared up 9.90% (Rs 2) to Rs 22.

Core Healthcare has hit the lower circuit breaker of 9.30% at Rs 27.

Cummins is leading the value chart with a turnover of Rs 90 crore, followed by Bharti (Rs 84 crore), Reliance (Rs 70 crore), Tata Tele (Rs 51 crore) and SBI (Rs 37 crore), respectively.