Selling intensifies... Sensex down around 200pts

Sensex has slipped into the negative zone owing to fresh selling pressure.The index is now at 14,333, down 188 points.
_________________________________________________
Updated at 12:50 Hrs:

Constant bouts of buying and selling in the market have made the index gyrate between the zones. The index however recovered and touched a high of 14,631. The index is now at 14,581, up 59 points.

The BSE IT index lead the rally so far. It is up 2.5% at 3,274.

SBI has gained 3% at Rs 1,716. Wipro has advanced 2.5% to Rs 388.

TCS, Sun Pharma and Infosys have added over 1.5% each to Rs 386, Rs 1,320 and Rs 1,740, respectively.

ACC and Tata Steel have dropped around 5.5% each to Rs 781 and Rs 395, respectively.

NTPC, Hindalco, ONGC, Grasim and DLF declined 2-3% each to Rs 208, Rs 91, 1,039, Rs 2,268 and Rs 326, respectively.

The market breadth still remains to be extremely negative- out of 2,421 shares traded, 1,676 have declined and 674 have advanced so far on the BSE.