The Sensex has slipped into the negative zone to a low of 14,227. The index is now flat at 14,258 - up five points.
Sterlite has slumped 7.5% to Rs 581. Larsen & Toubro and Jaiprakash Associates have dropped 2.5% each to Rs 1,394 and Rs 201, respectively.
Reliance Infrastructure, HDFC, DLF, Hindalco, TCS, SBI and HDFC Bank have slipped 1-2% each.
Meanwhile, Tata Steel has surged 3% to Rs 392. Tata Motors, Tata Power and Reliance have added 2.5% each to Rs 296, Rs 1,131 and Rs 1,920, respectively.
Reliance Communications, Wipro, Bharti Airtel, BHEL, Mahindra & Mahindra, ACC and NTPC are the other gainers.
The market breadth is failry positive. out of 2,304 stocks traded, 1,352 have advanced while 897 have declined.