Markets off day's low

Markets have started to recover from its lows.

The Sensex is now donw 89 points at 17,640. Earlier in the day, the index had touched a low of 17,584.

BSE mid and small cap indices are in the green however. The indices have gained marginally to 7,139 and 9,072, respectively.

The Nifty is at 5,291 - down 29 points.

The healthcare index is up 1% at 5,809, followed by consumer durables and power.

Reliance Communications continue to gain. The stock is up 2.6% at Rs 193. Cipla has jumped 2% to Rs 348.

Reliance Infrastructure and Maruti Suzuki have added 1.4% each to Rs 1179 and Rs 1404, respectively.

Meanwhile, Sterlite has dropped 2.5% to Rs 169. Jindal Steel and HDFC have dropped 1.5% each to Rs 648 and Rs 2968, respectively.

HDFC bank, Hindustan Unilever, ICICI Bank and Wipro are down over 1% each.

Other losers include TCS, Infosys and SBI.

BSE market breadth is positive. Out of 2610 stocks traded, 1,334 have advanced while 1,167 have declined.