The Sensex has rebounded into the positive zone and is now up 47 points at 14,334.
The NSE Nifty is up 18 points at 4,331.
Tata Steel has surged 4.5% to Rs 659. Ranbaxy has gained 2.5% at Rs 505.
DLF, Tata Power and Sterlite have moved up 1.7% each to Rs 499, Rs 1,133 and Rs 633, respectively.
Reliance is up 1.3% at Rs 2,190.
Tata Motors has plunged 5.3% to Rs 394. ITC and Maruti have shed 2.7% each at Rs 183 and Rs 573, respectively.
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Grasim and Bharti Airtel have slipped over 2% each to Rs 1,810 and Rs 792, respectively.
Jaiprakash Associates has dropped 1.7% to Rs 154. TCS and ICICI Bank have declined 1.5% each to Rs 826 and Rs 626, respectively.
Infosys is down over 1% at Rs 1,583.
Out of 2,660 stocks traded so far, 1,301 have advanced, 1,283 have declined and the rest are unchanged.