Sensex in red again; ITC, L&T down 5%

The Sensex has slipped back into the negative zone and is now up 28 points at 11,774.

Ranbaxy has soared nearly 5% to Rs 258. DLF and NTPC have surged over 3.5% each to Rs 313 and Rs 175, respectively.

ONGC and Reliance Infrastructure have rallied 3% each to Rs 1,011 and Rs 657, respectively.

Reliance and Bharti Airtel have gained 2.7% each at Rs 1,687 and Rs 749, respectively.

BHEL has moved up 2.4% to Rs 1,484. HDFC, Tata Motors, Jaiprakash Associates and Grasim are up nearly 2% each,

ITC and Larsen & Toubro (L&T) have slumped 4.7% each to Rs 172 and Rs 1,033, respectively.

Mahindra & Mahindra has tumbled 3.5% to Rs 485. Sterlite has plunged 3% to Rs 326.

Satyam has shed 2.7% at Rs 286. TCS and HDFC Bank have slipped around 2% each to Rs 606 and Rs 1,179, respectively.

Tata Power and Hindalco are down over 1% each at Rs 788 and Rs 95, respectively.

The market breadth is fairly negative - out of 2,501 stocks traded so far, 1,595 have declined, 827 have advanced and the rest are unchanged.