The Sensex after rebounding into positive zone has surged singificantly mainly on account of fresh buying in index heavyweights. The index has now re-gained the 17,000-mark, and is now up 224 points at 17,010.
The Nifty is up 58 points at 5,047.
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(Updated at 1355 hrs)
The Sensex after slipping to a low of 16,635 has rebounded into the positive terrain. The index is now at 16,856, up 74 points. The NSE Nifty is at 5,011, up 21 points.
All the sectoral indices are trading flat now.
Bharti Airtel and Reliance Infrastructure have slipped 3% each to Rs 284 and Rs 1,073, respectively.
Wipro and ICICI Bank have declined 2% each to Rs 631 and Rs 868, respectively.
Mahindra & Mahindra, Tata Steel, SBI and Sterlite have declined 1% each.
ACC has advanced around 3% each to Rs 752. HDFC and Hindalco has added 1.5% each at Rs 2,793 and Rs 131, respectively.
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The market breadth is negative, out of 2,653 shares traded, 1,499 have declined and 1,063 have advanced so far on the BSE.