There is heavy demand for second-line media scrips wherein major gainers are Sandesh, Cinevista, ETC Networks, PNCL, Hinduja TMT etc. Software major - Infosys is witnessing fresh buying from lower levels. The scrip has recovered by Rs55 from day's low of Rs3741. However, Satyam is still ruling weak.
Zee continues to remain lackluster.
However, Grasim is in demand due to its plan to exit from the sponge iron business. PSU banking major - SBI is witnessing heavy selling pressure. Hindalco has lost significantly due to heavy supply pressure. The scrip has lost by Rs16 at Rs858. Presently, the Sensex is hovering at 3491, down by 18 points.