Sensex rebounds, up 10pts; Tata Steel up 6%

The Sensex has rebounded into the positive zone and is now up 10 points at 14,929.

Updated at 1308 hrs

The Sensex is now down 54 points at 14,866.

Infosys and ICICI Bank have slipped around 1.5% each to Rs 1,855 and Rs 850, respectively.

Bharti Airtel and NTPC have shed 1.3% each to Rs 864 and Rs 165, respectively.

Wipro, Ranbaxy, ACC, Larsen & Toubro and Mahindra & Mahindra are down over 1% each at Rs 462, Rs 363, Rs 1,015, Rs 2,522 and Rs 650, respectively.

Tata Steel has soared 6% to Rs 642. ONGC has gained 1% at Rs 818.

The market breadth is marginally positive - out of 2,531 stocks traded so far, 1,270 have advanced, 1,195 have declined and 66 are unchanged.