The Sensex is now at 15,344, don 37 points. The NSE Nifty is at 4,560, down seven points.
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(Updated at 1424hrs)
The Sensex has erased most of its losses and is now at 15,321, down 57 points.
Hero Honda and Reliance have slipped over 4.5% each to Rs 1,653 and Rs 1,925, respectively.
ONGC has dropped 3% to Rs 1,093.
HDFC, Mahindra & Mahindra and Sun Pharma are down over 2% each at Rs 2,349, Rs 812 and Rs 1,221, respectively.
Hindustan Unilever has advanced 6.5% to Rs 300. Tata Power and DLF have added 5% each to Rs 1,234 and Rs 414, respectively.
Tata Steel has gained 4% at Rs 457. Reliance Communication and Bharti Airtel are up above 2% each.
The market breadth fairly positive, out of 2,646 shares traded, 1,534 have advanced and 1,017 have declined so far on the BSE.
The NSE Nifty is now at 4,553, down 13 points.
Axis Bank has advanced 4.5% to Rs 935 and Jindal Steel is up at Rs 3,112.
GAIL is down 4% at Rs 399 and IDEA Cellular has slipped 2.5% to Rs 79.
