Markets slip again

The markets have slipped back into the negative terrian. The Sensex is now down 20 points at 17,466, and the Nifty is down 14 points at 5,211.
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(Updated at 1307 hrs)

The Sensex has moved back into the positive zone after touching a low of 17,470. The index is now at 17,524, up 38 points. The NSE Nifty is at 5,231, up six points.

Bharti Airtel continues to lead the list of gainer on the Sensex, up 3.5% at Rs 331. Maruti, ICICI Bank and Tata Steel have increased 1.5% each to Rs 1,445, Rs 878 and Rs 647, respectively.

NTPC, Reliance Communications, Hindalco and HDFC are firm, up 1% each.

Jaiprakash Associates and ONGC are the top losers on the Sensex, down2% each at Rs 156 and Rs 1,1,73, respectively.

Wipro, Sterlite, HDFC Bank and Sun Pharma have slipped 1% each.

The market breadth has turned marginally negative, out of 2,884 shares traded, 1,418 have declined and 1,368 have advanced so far on the BSE.

Among the sectoral indices, oil & gas and the realty inidces are down around 1% each.