Sensex marginally down; HDFC drops 4%

The Sensex is now down 23 points at 9,980.

Tata Steel has soared nearly 7% to Rs 219, and Hindalco has surged nearly 5% to Rs 55.

Ranbaxy and Jaiprkash Associates have rallied around 3.5% each to Rs 164 and Rs 89, respectively.

ACC, Reliance Communications and Tata Motors have moved up around 2.5% each to Rs 575, Rs 173 and Rs 177, respectively.

ICICI Bank has moved up 1.7% to Rs 381. SBI, Larsen & Toubro and Sterlite are up over 1% each at Rs 1,107, Rs 669 and Rs 372, respectively.

HDFC has slumped 3.7% to Rs 1,591. Infosys has plunged nearly 3% to Rs 1,341.

Reliance Infrastructure has dropped nearly 2% to Rs 554.

Mahindra & Mahindra, Reliance, BHEL and Wipro are down around 1.5% each at Rs 380, Rs 1,544, Rs 1,547 and Rs 251, respectively.

The market breadth is fairly positive - out of 2,546 stocks traded so far, 1,421 have advanced, 1,014 have declined and 111 are unchanged.