At 10:40 AM, the Nifty is at 5416, down by 2 pts ro 0.04%

Sterlite industries is up by 1.2% at 175.80. Hindalco is up by 1.2%.

Ambuja cements is up by 1.7% at 118.35.

IT stocks are also trading in the green. Wipro is up by 1%. Infosys and TCS are up by 0.8% each.

Tata Motors is up by 1%.

RIL is up by 0.3% at 1056.50

Stocks in the red include GAIL - down by 1.5%, Unitech - down by 1.6% and Punj lloyd - down by 1.2%.

LT has seen a cut of 2.7% at 1868.