Sensex down 59pts; Rel Energy zooms 6%

The Sensex is now down 59 points at 17,501.

Reliance Energy has rebounded into the positive zone and zoomed 6% to Rs 1,414.

Ambuja Cements has soared 4.5% to Rs 146. ICICI Bank has rallied 2.5% to Rs 1,050.

Hindalco, ONGC and SBI have surged 2% each to Rs 179, Rs 1,131 and Rs 1,701, respectively.

Reliance Communications, Maruti and ACC have gained around 4.5% each at Rs 739, Rs 1,090 and Rs 1,005, respectively.

Bharti Airtel has plunged 4% to Rs 930, and Satyam has slipped over 2% to Rs 450.

Mahindra & Mahindra, HDFC, Grasim and TCS have slumped 1.8% each to Rs 715, Rs 2,355, Rs 3,441 and Rs 1,088, respectively.

Tata Motors has declined 1.5% to Rs 770. Wipro and Infosys are down 1% each at Rs 495 and Rs 1,888, respectively.