Home BusinessMarkets slip into red, rebounds
Markets have recovered after a brief drop into the red.
- Mahindra Satyam most active stock on BSE, NSE - Markets open with positive gap - Key Levels: More upside above 15,350 - FIIs raise stake in Nifty firms to 43% - Infra growth, strong earnings propel markets - KEC Int hits 52-week high on Rs 471cr order
The Nifty slipped to a low of 4,515 - down nine points from the previous close. The index is now at 4,537, up 13 points.
The Sensex declined to a low of 15,199, down 220 points from the day"s high of 15,419 and is now at 15,274, up 43 points.
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(Updated at 1014 hrs)
The Nifty opened at 4,525, up 2 points. It touched a high of 4,575 and is now at 4,544 - up 20 points.
Idea Cellular and Suzlon have surged 3.5% each to Rs 81 and Rs 100, respectively.
Reliance Power, Unitech and Infosys have gained 2.5% each to Rs 173, Rs 87 and Rs 2,010, respectively.
Nalco, Cairn India, DLF, Sterlite, Larsen & Toubro, Tata Steel, Ranbaxy and Hindalco have added 1-2% each.
However, Ambuja Cement has dropped 2.5% to Rs 95. ITC, Grasim and Gail India have slipped 1.5% each to Rs 226, Rs 2,749 and Rs 340, respectively.
Hero Honda, HDFC Bank, Punjab National Bank and Bharti Airtel are down over 1% each.
Meanwhile, the BSE Sensex has added 53 points at 15,284, after opening at 15,272.