Negative opening of the European bourses have dragged the markets down into the netaive terrain. The Sensex is now at 15,528, down 21 points.
The NSE Nifty is at 4,621, down four points.
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(Updated at 1210hrs)
The Sensex has rebounded to touch a high of 15,625 owing to buying in the IT stocks. The index is now at 15,575, up 25 points.
The BSE IT and TECk indices are up 1% each at 3,247 and 3,082, respectively.
The NSE Nifty is at 4,639, up 13 points.
Reliance Communication has soared 4% to Rs 275. Hero Honda and TCS have added over 2.5% each to Rs 1,576 and Rs 540, respectively.
Infosys and Hindalco are up over 1% each at Rs 2,170 and Rs 105, respectively.
Sterlite on the other hand is down 1% at Rs 647.
The market breadth is marginally negative, out of 2,543 shares traded, 1,265 have declined and 1,194 have advanced so far on the BSE.
