After a strong opening, the markets have now dipped into red.
The Sensex opened at 16,187 and touched a high of 16,227 - up 74 points from its previous close. The index howver, then slipped 117 points from its high to a low of 16,110.
The Sensex is now flat at 16,146. The Nifty is down 11 points at 4,816.
Bharti Airtel has started correcting today and is down 2.7% at Rs 306.
ONGC and Larsen & Toubro are down marginally at Rs 1,090 and Rs 1,438, respectively.
Meanwhile, auto stocks are shining in the morning market. Tata Motors has gained 1.4% at Rs 698. Mahindra & Mahindra has added 1.2% to Rs 999.
IT stocks are up. Wipro has jumped 1.2% to Rs 664. Infosys is up marginally at Rs 2,515. BHEL has advanced 1% to Rs 2,346.