The Sensex has rebounded and is now up 37 points at 15,952.

The Nifty is up nine  points at 4,766.

Markets have recovered from its low. The Sensex is now down just 80 points at 15,836.

The Nifty is down 30 points at 4,727.

Metal, oil & gas and auto indices are still trading in red.

European markets have opened in the green today. The CAC has gained 0.8% to 3,594. The FTSE has added 1.5% to 5,104.

Bharti Airtel has gained 3% at Rs 309. Reliance Communications has added 1% to Rs 167.

Sun Pharma has advanced 1.4% to Rs 1,508. Hero Honda and Larsen & Toubro are up 1% each.

On the other hand, Tata Steel has dropped 4.5% to Rs 534. Hindalco has shed 3.5% at Rs 136. Sterlite is flat at Rs 750.

Tata Motors has slipped 2.7% to Rs 662. DLF, ACC, HDFC and NTPC have declined 1-2% each.

IT stocks - TCS and Wipro have dropped 1.5% each. Reliance is down 1.2% at Rs 981.

The market breadth is negative. Out of 2,748 stocks traded, 1,480 have declined while 1,191 have advanced.