Mkts: Tata Communications gains 6%

The Sensex, which bounced back strongly after a sharp setback it had
suffered around noon, has drifted down a bit now due to a fresh round
of selling at a few front line counters.

At 14,309.77, more than 100 points down from a high of 14,419.40 it
had touched earlier in the day, the Sensex is up by 89.70 points or
0.63% over its previous closing mark. The Nifty is down with a small
loss of 5.80 points at 4246.85.

Hindalco, NTPC, DLF, Maruti Suzuki, Bharti Airtel and Hindustan
Unilever have lost 2% - 3% now. Reliance Communications, Ranbaxy
Laboratories, Tata Consultancy Services, Tata Motors and ICICI Bank
have also declined sharply. Mahindra & Mahindra, Grasim Industries,
HDFC Bank and State Bank of India are down with marginal losses.

Reliance Industries rules firm with a big gain of 5% at Rs 2241. Wipro
has gained 3.35%. HDFC is up with a gain of 3.25%. Ambuja Cements and
Cipla have gained 2.95% and 2.15% respectively. Larsen & Toubro,
Satyam Computer Services and Infosys Technologies have posted notable
gains. ACC, ONGC and Jaiprakash Associates are up marginally.

Tata Communications has recorded a strong gain of 6%. HCL
Technologies, Sun Pharmaceuticals, GAIL India and Power Grid have also
posted sharp gains.

Idea Cellular, Hero Honda, Siemens, Suzlon Energy, ABB, Punjab
National Bank and Dr. Reddy's Laboratories have tumbled on selling
pressure and are down by 2% - 4% from their previous closing levels
now