The Sensex has slipped into negative on sudden bouts of selling. The Sensex has slipped 271 points from day's high to 15,652. The Nifty is now at 4,654, down seven points.
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(Updated 1311 hrs)
The Sensex after exhibiting sideways movement touched a high of 15,923, up 257 points. The index is now at 15,900, up 235 points. The NSE Nifty is now at 4,729, up 68 points.
Among the sectoral indices, auto index has led the rally with a surge of nearly 4% to 6,112. Maruti Suzuki soared to hit its all-time high at Rs 1,534. The stock is now up 6.5% to Rs 1,528. Tata Motors has surged 5.5% to Rs 515. Mahindra & Mahindra has rallied 3.5% to Rs 890. Hero Honda has gained over 3% to Rs 1,559.
Realty index has gained 2.5% at 4,519 and IT index is up over 2% to 4,257.
Reliance Communications has rallied nearly 4% to Rs 270. DLF has advanced 3.5% to Rs 438.
ICICI Bank and Infosys have added 2.5% each to Rs 767 and Rs 2,181, respectively.
Jaiprakash Associates, Tata Steel, Reliance Infrastructure, Hindustan Unilever, Hindalco, SBI and Wipro are up 1.5-2% each.
Among the Nifty stocks, Suzlon has surged nearly 6% to Rs 99 and BPCL has added 2.5% to Rs 519.
The market breadth is extremely positive - out of 2,743 stocks, 1,930 have advanced and 736 have declined.