The Sensex, which recovered its previous losses after a sharp setback, dropped into the red zone again owing to lack of support at senior levels.

At 11.25 a.m., the Sensex was down with a huge loss of 71.75 points at 17,775.29. The Nifty was also down by about a point at 5209.90.

The stock market got off to an impulsive beginning this morning with equities fluctuating in a dispirited manner in early trading.

Mumbai: Key indices rise dramatically in early trade as banking and metal segments moved up. Real estate shares carried on their upward movement and FMCG appealed buying interest. Worldwide indications were also helpful of the uptrend.

The National Stock Exchange’s Nifty stood at 4568.5, higher by 39 points or 0.87 per cent from its last closure. The Bombay Stock Exchange’s Sensex gained 155 points at 15,769.43.

The major Sensex gainers were ICICI Bank (up 1.83%), Grasim Industries (1.4%), Satyam Computer (1.35%), Dr Reddy's Laboratories (1.32%), Reliance Energy (1.29%) and Tata Motors (1.24%).

Hindustan Unilever was down 0.33 per cent. It was the only laggard in the rally.