Markets near day's high

The Sensex is now at 15,421, up 47 points and the NSE Nifty is at 4,589, up 14 points.
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(Updated at 1313hrs)

The Sensex has erased all its losses and has now rebounded into the positive zone. The index is flat at 15,382, up seven points.

The BSE Realty index has gained 3.5% at 4,050 while the Bankex index is down 1.5% at 8,212.

Midcap and Small cap indices have out performed the Sensex, up over 1% each.

Tata Motors has advanced 7.5% to Rs 403. DLF has gained 3.5% at Rs 427. Reliance Communication and Mahindra & Mahindra have added over 2% each to Rs 289 and Rs 834, respectively.

ICICI Bank and Infosys have slipped over 2% each to Rs 740 and Rs 1,984, respectively.

SBI, HDFC and Reliance are the other marginal losers so far on the BSE.

The market breadth is fairly positive- out of 2,548 shares traded, 1,580 have advanced and 892 have declined so far on the BSE.

The NSE Nifty is now flat at 4,573.

Siemens has gained 3% at Rs 482 and HCL is up around 2% at Rs 243.

GAIL and Jindal Steel have slipped 2% each to Rs 332 and Rs 3,028, respectively.