Sensex down marginally, Ranbaxy zooms 9%

After opening 33 points lower at 10,305, the Sensex slipped to a low of 10,116 - down 222 points - in early trades. However, the index recovered smartly and rebounded into the positive zone to touch a high of 10,387 - up 271 points from the day's low.

The Sensex continues to exhibit lacklustre movement and is now down 27 points at 10,311.

Technology stocks continue to extended losses - TCS has slumped 10% to Rs 494. Satyam and Wipro have tumbled over 8% each to Rs 275 and Rs 253, respectively. Infosys has slipped over 6% to Rs 1,293.

Sterlite has shed 6.5% at Rs 276. Hindalco, Reliance and Reliance Infrastructure have dropped around 3% each to Rs 62, Rs 1,396 and Rs 520, respectively.

HDFC has declined 2.5% to Rs 1,843. ACC, Bharti Airtel and Tata Motors are down over 2% each at Rs 500, Rs 673 and Rs 187, respectively.

Ranbaxy has zoomed nearly 9% to Rs 207. ONGC has soared nearly 8% to Rs 767.

Tata Power has surged 7% to Rs 742. Reliance Communications and ICICI Bank have rallied 4.5% each to Rs 244 and Rs 450, respectively.

ITC and BHEL have moved up 3.7% each to Rs 164 and Rs 1,390, respectively. DLF has gained 3.5% at Rs 262.

SBI and Jaiprakash Associates are up around 3% each at Rs 1,279 and Rs 84, respectively.

The market breadth is positive - out of 2,528 stocks traded so far, 1,481 have advanced, 982 have declined and 65 are unchanged.