Sensex up 62pts; HLL surges 4%

Continued buying has led the Sensex move back to higher levels. The index is now up 62 points at 10,286.

HLL has surged 3.7% to Rs 250. NTPC and Tata Steel are up 2% each at Rs 132 and Rs 419, respectively.

ONGC, Reliance Energy, ITC, Satyam, Bajaj Auto, Larsen & Toubro, Cipla, Bharti, Maruti and BHEL have posted smart gains.

HDFC Bank and Dr.Reddy's are down 1.4% each at Rs 716 and Rs 1,338. Ranbaxy, Grasim, SBI and Reliance are the other notable losers.

The market breadth is fairly negative. Out of 2,446 stocks traded so far, 1,381 have declined, 987 have advanced and the rest are unchanged.