After starting the day marginally down at 12,948.05, the benchmark Sensex moved into positive zone gaining 262.58 points to a high at 13,224.26 and soon bounced back into red in the absence of enough buying interest. It was trading at loss of about 130 points in the mid-morning trade. While, the broader-based S &P CNX Nifty index of National Stock Exchange was trading 37 points down at 3,857. The market breadth was negative with 720 shares advancing as compared to 944 at loss and 44 unchanged.
Reliance Industries (RIL) was at gain of 0.68 per cent at Rs 2,068. Reliance Communications was up 4.29 per cent to Rs 413.50, Larsen &Toubro up by 2.37 per cent to Rs 2,191, Ambuja Cements up 1.99 per cent to Rs 74.30, Bharat Heavy Electricals up 2.27 per cent to Rs 1,386, were the major gain.
IT stocks rose as Rupee hovered near 15-month low against the Dollar. Satyam Computer Services up 3.75 per cent to Rs 448.30, Wipro up 4.31 per cent to Rs 434, Infosys gained 2.93 per cent to Rs 1,760.10 and Tata Consultancy Services was up by 1.32 per cent to Rs 858.