Sensex volatile, erases early gains; RIL down 6%

The Sensex has slipped deeper into red and is now down 232 points at 10,399.

Updated at 1055 hrs

The Sensex opened with a huge significant positive gap of 300 points at 10,931 in line with other Asian markets amid the backdrop of the US elections. The index touched a high of 10,945, and soon began to pare gains.

The selling pressure was so intense that the index dropped into the negative zone to a low of 10,544 - down 401 points from the day's high. The Sensex is now up 40 points at 10,671.

TCS has zoomed 6% to Rs 538. HDFC Bank and DLF have rallied 3% each to Rs 1,145 and Rs 299, respectively.

Satyam, Hindalco and Wipro have gained 2.5% each at Rs 285, Rs 66 and Rs 269, respectively.

Maruti, BHEL and ICICI Bank have moved up 2.3% each to Rs 630, Rs 1,446 and Rs 470, respectively.

Infosys and Reliance Infrastructure are up over 2% each at Rs 1,363 and Rs 555, respectively.

Reliance has plunged 5.5% to Rs 1,375. Reliance Communications has dropped 3.5% to Rs 242.

Bharti Airtel, Tata Power, Ranbaxy and ACC are down around 1.5% each at Rs 706, Rs 740, Rs 206 and Rs 500, respectively.