The Sensex recoverd and enterred the positive zone for a short time but however failed to hold its gains and thus slipped into the negative terrain again.
The index is now at 15,353, down 113 points.
Mahindra & Mahindra has soared 4% to Rs 798.
The BSE IT index has slipped 2.3% to 3,314.
HDFC Bank, Hindalco and Ranbaxy have advanced over 3% each to Rs 1,1545, Rs 97 and Rs 208, respectively.
Bharti Airtel, Tata Steel and NTPC have added 2.5% each to Rs 860, Rs 451 and Rs 225, respectively.
Sterlite, ITC and Reliance Communications are the other gainers above 1% each.
Infosys and ACC have slipped 3% each to Rs 1,750 and Rs 871, respectively.
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ONGC, BHEL, Wipro, and SBI are down 2% each.
Tata Power, Maruti, Hindustan Unilever and Jaiprakash Associates have dropped 1% each.
The market breadth is negative, out of 2,538 shares traded, 912 have advanced and 1,553 have declined.