Sensex on the verge of rebound

The Sensex is now down 30 points at 15,142. The Nifty, on the other hand, is down 14  points at 4,500.
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(Updated 1015 hrs)

The Sensex today opened almost flat at 15,169. The index recovered and touched a high of 15,196 but dropped into the negative zone again to touch a low of 15,109 - down 87 points.

The Sensex is now down 19  points at 15,154.

Tata Steel has dropped 2.5% to Rs 430. ITC, Hindalco and Sun Pharma have slipped 1.5% each to Rs 233, Rs 93 and Rs 1,173, respectively.

ICICI Bank, Jaiprakash Associates, BHEL and Reliance have declined around 1% each.

However, Hero Honda and SBI have added 1.5% each to Rs 1,666 and Rs 1,682, respectively. Hindustan Unilever, TCS, Bharti Airtel and HDFC have moved up marginally.

The Nifty is now down 10 points 4,503. Earlier the index had dropped to a low of 4,487.

Among the Nifty stocks, Punjab National Bank has slipped 4.5% to Rs 714. Cairn India and Nalco are down around 2% each.

On the other hand, Power Grid Corporation, BPCL and Reliance Power have added 2%.