The Sensex has slipped once again into the red and is now down 70 points at 16,780. The Nifty is down 33 points at 4,971.
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(Updated at 1210 hrs)
Markets have rebounded on strong IIP numbers for the September, reversing the losing trend of the morning.
Industry grows by 9.1% in September against 6% in the same period last year.
The Sensex has recovered over 140 points from the low and is now up 21 points at 16,865.
The Nifty is up six points at 5,008.
After a flat opening, the Sensex had slumped into the low in morning trades. The index tried to recover but after a brief time in the positive zone dropped to a low of 16,738.
INDEX MOVERS...
Sun Pharma and Reliance Communications have advanced over 2% each to Rs 1,466 and Rs 174, respectively.
Grasim Industries, Bharti Airtel and Tata Power are up 1% each.
...AND THE SHAKERS
Tata Steel and Reliance Infrastructure have slipped 2% each to Rs 513 and Rs 1,141, respectively.
The market breadth has however negative. Out of 2,487 shares traded, 1,140 have advanced and 1,252 have declined so far on the BSE.
VALUE & VOLUME TOPPERS
Indiabulls Realestate continue to lead the value chart on the BSE with a turnover of Rs 1,594.16 crore. It is followed by DLF (Rs 113.07 crore), HDIL (Rs 87.50 crore), Reliance (Rs 85.88 crore) and Tata Steel (Rs 83.96 crore).
Indiabulls Realestate continue to top the volume chart on the BSE with trades of 65.75 million shares. It is followed by Cals Refineries (28.79 million), Suzlon (9.13 million), Mahindra Satyam (7.01 million) and Austral Coke (4.78 million).
