Sensex up 38pts; Tata Steel plunges 8%

The Sensex opened marginally (seven points) higher at 14,219. The index touched a high of 14,269, and is now up 43 points at 14,255.

Tata Steel has plunged 7.7% (Rs 40) to Rs 480.

HDFC and Cipla have slipped 1% each to Rs 1,652 and Rs 246, respectively.

ICICI Bank and ONGC have advanced 1% each to Rs 966 and Rs 924, respectively.

BHEL, NTPC and TCS are the other prominent gainers.