The Sensex slipped into the red and is now at 15,116 - down 46 points.
The Nifty has also dropped to the day's low of 4,468 - down 12 points.
The Sensex opened up 127 points at 15,287. The index surged to a high of 15,417 and is now up 66 points at 15,227.
The Nifty is up 23 points at 4,504.
TCS has surged 3% to Rs 523. DLF has gained 2% at Rs 376. Metal stocks, Sterlite, Tata Steel and Hindalco have added 2% each to Rs 644, Rs 466 and Rs 103, respectovely.
ICICI Bank, Tata Power, Jaiprakash Associates and ONGC have moved up 1.8% each. Reliance Communications, Wipro and Sun Pharma are up 1.5% each.
Reliance Infrastructure, Reliance, Infosys, NTPC and ACC are the other gainers.
Meanwhile, Mahindra & Mahindra has dipped 2.5% to Rs 813. Bharti Airtel and ITC are down 2% each at Rs 376 and Rs 1,275.
Auto stocks are also on the loosing side