Sensex up 11pts; Ambuja Cements gains 6.2%

The Nifty is trading 8.5 points lower at 4851.

Ambuja Cements is up 6.2% at Rs 103. Hindalco is up 4% at Rs 193 and ITC has gained 3.4% at  Rs 217.

Satyam has advanced 2.3% at Rs 510. TCS is up 2.1% at Rs 987. ACC, Wipro, HUL, Cipla and Bharti are all trading over 1%.

Bhel is trading 3.3% lower at Rs 1,604 and Reliance Infra, M&M and L&T have declined 2% to Rs 1,234, Rs 631 and Rs 2,689 respectively.

ONGC and RCom are down 1.7% at Rs 868 and Rs 542 respectively.

Tata Motors , HDFC, HDFC Bank, ICICI Bank, Tata Steel, Maruti, Ranbaxy and DLF are the other losers.