Markets slip into red, rebounds

Markets have recovered after a brief drop into the red.

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.