Sensex witnesses range-bound opening session

Mumbai, Jun 5: Benchmark Sensex swung between negative and positive on Bombay Stock Exchange in the opening trade amidst bouts of volatility after fuel price hike. Sensex was up by around 10 points at 15,525 in the mid-morning trade. It gained 106.73 points at its high of 15,621.52 touched during early trade and lost 48.55 points at day's low of 15,466.24.

Following the similar trend, the broader-based S&P CNX Nifty index was up by 20 points at 4,605, in mid-morning trade. The market witnessed a range-bound session oscillating either ways. It saw a firm start despite weak global cues, but slipped in red shortly on fresh selling. The market breadth was negative.

ONGC was up by 3.63 per cent to Rs 919.25, Satyam Computer Services gained 3.08 per cent to Rs 500.60, Ranbaxy Laboratories gained 2.89 per cent to Rs 533.90, TCS was up 2.19 per cent to Rs 979.10, were the top gainers from Sensex pack.

However, BHEL declined 1.92 per cent to Rs 1,445, Tata Motors was down 0.97 per cent to Rs 537.25, Reliance Industries and Reliance Communications were marginally down.

Tractor major Mahindra and Mahindra (M&M) declined slightly to Rs 564.50. It may reportedly announce the acquisition of Italian design and research company this week as it seeks to expand its engine design capabilities. However, the target company's name was not disclosed.

UNI