The Sensex has staged a smart recovery from the day's low. The index which touched a low of 10,498, is now down 94 points at 10,631.The selling can be attributed to the huge selling by foreign institutional investors (FIIs) in the derivatives segment yesterday. The FIIs were net sellers of index futures to the tune of Rs 1,488 crore and net sellers of stock futures worth Rs 395 crore.Cipla has zoomed 5.5% to Rs 602.Hindalco has dropped 3.2% to Rs 162. HDFC, Tata Motors and Tata Steel are down nearly 3% each at Rs 1,305, Rs 886 and Rs 455 respectively.Bharti Tele (Rs 392), Maruti (Rs 894) and HLL (Rs 247) have declined around 2.5% each.ITC has slumped nearly 2% to Rs 175.Ranbaxy, Wipro, Reliance, HDFC Bank, ICICI Bank and Tata Power are also languishing in the negative zones.The market breadth is negative. Out of 2,557 stocks traded so far, 1,481 have declined, 1,000 have advanced and the rest are unchanged.Reliance Communication Ventures (RCoVL) continues to lead the value chart with a turnover of Rs 208.12 crore followed by Tata Motors (Rs 143.23 crore), Siemens (Rs 124.38 crore), Reliance (Rs 119.04 crore) and SBI (Rs 99.16 crore).Reliance Natural Resources tops the volume chart with trades of around 1.95 crore shares followed by RCoVL (68 lakh), Kirloskar El (38.71 lakh), Mysore Cement (38.19 lakh) and Sakuma Exports (36.28 lakh).