Sensex slips into red, down 62pts

The Sensex has slipped into the negative zone and is now down 62 at 14,150.

Tata Steel has tumbled over 7% (Rs 38) to Rs 481.

Hindalco has shed 2% to Rs 177, and ITC has dropped 1.3% to Rs 170.

Cipla, Maruti and Dr.Reddy's are down 1% each at Rs 246, Rs 928 and Rs 745, respectively.

Reliance Energy has gained 2% at Rs 516. NTPC, HDFC Bank and Satyam are the other prominent gainers.