The Sensex is now down 76 points at 8,664.
Tata Steel has zoomed over 9% to Rs 162. SBI has soared 4.4% to Rs 1,086.
Maruti has surged over 4% to Rs 479. Tata Motors and DLF have rallied 3.5% each to Rs 133 and Rs 188, respectively.
ICICI Bank has gained 3% at Rs 334. Jaiprkash Assocaites and Reliance Infrastruce have moved up over 2.5% each to Rs 59 and Rs 506, respectively.
Wipro has slumped over 5% to Rs 221, and Infosys has plunged 4% to Rs 1,162.
Hindalco has shed 3.5% at Rs 50. Satyam and Reliance Communications have dropped 2.5% each at Rs 227 and Rs 187, respectively.
Bharti Airtel and ONGC have slipped around 2% each to Rs 656 and Rs 650, respectively.
The market breadth is positive - out of 2,044 stocks traded so far, 1,116 have advanced, 858 have declined and the rest are unchanged.