The Sensex has rebounded into the positive zone and is now up six points at 9,264.
Updated at 1445 hrs
The Sensex is now down 84 points at 9,173. Earlier in the day, the index opened 77 points higher at 9,334, and touched a high of 9,380.
Maruti, Jaiprakash Associates and Tata Steel have surged over 4% each to Rs 521, Rs 69 and Rs 184, respectively.
Mahindra & Mahindra has rallied nearly 3% to Rs 292. ICICI Bank and Tata Power have advanced nearly 2% each to Rs 416 and Rs 765, respectively.
Wipro has slumped 4.5% to Rs 224. DLF has tumbled over 4% to Rs 170.
Ranbaxy and Sun Pharma have plunged around 3% each to Rs 206 and Rs 1,123, respectively.
Bharti Airtel, BHEL, NTPC and Reliance Communications have dropped nearly 3% each to Rs 635, Rs 1,355, Rs 186 and Rs 162, respectively.
ITC, Reliance, SBI, Larsen & Toubro and TCS are down around 1% each.
The market breadth is marginally negative - out of 2,394 stocks traded so far, 1,230 have declined, 1,062 have advanced and 102 are unchanged.
