Sensex flat in early noon trades; RCom slips 4%

After opening 73 points higher at 8,768, and touching a high of 8,828, the Sensex slipped into red to a low of 8,659. The index is now almost flat at 8,686 - down 10 points.

Sterlite has surged 4.5% to Rs 214. Wipro, HDFC Bank and ICICI Bank have gained around 2.5% each to Rs 235, Rs 856 and Rs 328, respectively.

Bharti Airtel has advanced nearly 2% to Rs 638, and ONGC has added 1.5% to Rs 697.

Tata Motors and Reliance are up over 1% each at Rs 137 and Rs 1,084, respectively.

Reliance Communications (RCom) has plunged 3.7% to Rs 188.

Maruti, Hindalco, Mahindra & Mahindra and Infosys have dropped around 3% each to Rs 518, Rs 50, Rs 268 and Rs 1,147, respectively.

Tata Steel, Jaiprakash Associates and Tata Power have slipped around 2% each to Rs 148, Rs 54 and Rs 639, respectively.

The market breadth is extremely negative - out of 1,811 stocks traded so far, 1,161 have declined, 589 have advanced and the rest are unchanged.