Nifty slips into red

The NSE Nifty has slipped into a low of 4,456,and is now at 4,463, down five points. Meanwhile the BSE Sensex is up 20 points, at 15,082.
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(Updated 1207 hrs)

The NSE Nifty has pared some of its gains, after touching a high of 4,557. The Index is now at 4,537, up 68 points

DLF and Sterlite have rallied over 5% to Rs 361 and Rs 625, respectively.

ONGC has surged nearly 5% to Rs 1,094 and ICICI Bank has increased over 4% to Rs 804.

Unitech, Suzlon and Reliance Capital have advanced 3.5% each to Rs 85, Rs 94 and Rs 902, respectively.

Mahindra & Mahindra, Reliance Communications, Tata Motors, Tata Power, Sun Pharma and HDFC have added 2-3% each.

However, Cipla has declined over 1% to 279.

Meanwhile the BSE Sensex is at 15,304, up 241 points.

The market breadth is fairly positive - out of 2,434 stocks, 1,614have advanced and 725 have declined.