The Sensex is swinging between zones owing to alternate bouts of buying and selling. The index is now at 16,878, down 34 points.

Hindalco and TCS have soared 2% each to Rs 145 and Rs 724, respectively.

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DLF is the major loser on the Sensex, down 4% at Rs 364. Bharti Airtel has slipped 2% at Rs 318. Reliance Infrastructure and HDFC Bank are down 1% each.

The market breadth is positive, out of 2,580 shares traded, 1,670 have advanced and 823 have declined so far on the BSE.

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