The markets have rebounded into the positive zone owing to fresh buying. The Sensex is now up eight points at 16,927. The Nifty is up two points at 5,045.
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(Updated at 1318 hrs)
The Sensex has slipped to a low of 16,826 on the back of selling in the realty and oil & gas stocks. The realty index is the major dragger, down 2.5% at 3,732. The BSE Sensex is now at 16,857, down 55 points.
DLF continues to be the major loser on the Sensex, down 5% at Rs 361 and Bharti Airtel is down 2% at Rs 318. Larsen & Toubro, Reliance Communications and Reliance Industries have slipped 1% each to Rs 1,654, Rs 172 and Rs 1,034, respectively.
On the other hand, TCS, Hindalco and Hero Honda have advanced over 1% each at Rs 724, Rs 145 and Rs 1,679, respectively.
The other notable gainers are Wipro, Hindustan Unilever, Sun Pharma and Tata Steel have added over 0.5% each.
The market breadth is fairly positive, out of 2,701 shares traded, 1,566 have advanced and 1,039 have declined so far on the BSE.
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