The Sensex is gyrating between zones and is now down 18 points at 14,639.
The NSE Nifty is down two points at 4,412.
Maruti and ICICI Bank have rallied around 2% each to Rs 573 and Rs 655, respectively.
Reliance Communications, Satyam and HDFC Bank have advanced over 1.5% each to Rs 444, Rs 398 and Rs 1,124, respectively.
ACC, Infosys and Hindalco are the other major gainers.
HDFC has shed 2.5% at Rs 2,343. TCS has tumbled over 2% to Rs 822.
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Reliance and Sterlite have slipped over 1.5% each to Rs 2,261 and Rs 623, respectively.
DLF and Jaiprakash Assocaites are down 1% each at Rs 514 and Rs 169, respectively.
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