Markets slip back to lower levels

The NSE Nifty rebounded for a brief while but slipped soon. The index has now shed 54 points to 4,447.

Jindal Steel has rallied over 4% to Rs 2,778. Idea has advanced nearly 2% to Rs 76.

SAIL has gained 1.5% to Rs 171.

ABB has added 1% to Rs 739.

GAIL has plunged over 4% to Rs 324. TCS has declined  3.5% to Rs 481.

Meanwhile, Sensex is at 15012, down 178 points.

Among the sectoral indices on the BSE, the IT index has slipped 1.7% to 3,693. The Power, Auto and Realty indices are down around 1.5% each.

The market breadth is marginally negative - out of 2,477 stocks, 1,300 have declined and 1,112 have advanced.