Sensex slips back into red on sudden selling

The Sensex has once again slipped into red and is now down 14 points at 14,631 owing to a sudden spate of selling.
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(Updated at 1217 hrs)

The Sensex has strengthened and is now up 111 points at 14,756 following the release of economic survey. Earlier in the day, the index had dropped to a low of 14,569.

ONGC has soared over 9% to Rs 1,148.

Sun Pharma and Sterlite have surged 4.5% each to Rs 1,169 and Rs 638, respectively.

Tata Steel has rallied 3.5% to Rs 409. HDFC, NTPC and Reliance Infrastructure have advanced over 2% each to Rs 2,398, Rs 200 and Rs 1,258, respectively.

TCS, Maruti and BHEL have slipped 1.3% each to Rs 387, Rs 1,056 and Rs 2,188, respectively.

The market breadth is fairly positive - out of 2,356 stocks traded so far, 1,525 have advanced, 743 have declined and the rest are unchanged.