The key benchmark index BSE Sensex and the NSE Nifty have recovered all-the -losses and are trading on a flat note at 27,960 and 8,459, respectively.
So far, the BSE benchmark index has touched a low at 27,877 and a high at 27,995. The NSE Nifty has also registered an intra-day low at 8,433 and 8,470.
The broader market however is out-performing the BSE Sensex, the Midcap and Smallcap indices have advanced 0.5-0.6 percent each at 11,078 and 11,551, respectively.
Sectorwise, the BSE Metal index has spurted almost a percent at 8,993. The Power, Capital Goods and Healthcare indices have gained over 0.5 percent each at 2,089, 18,513 and 17,354, respectively.
The Bankex, FMCG, Oil & Gas and Realty indices have added 0.2-0.4 percent each.
On the other hand, The Auto index is the only loser, down 0.3 percent at 18,634.
The breadth is positive in morning deals - out of 2,119 stocks traded on the BSE so far 1,376 stocks have advanced, while 671 stocks have declined.
Among Metal shares - Coal India has jumped almost 2 percent at Rs. 428. Hindustan Zinc has spurted 1.5 percent at Rs. 162.
JSW Steel and SAIL have advanced almost a percent each at Rs. 843 and Rs. 59, respectively.
Jindal Steel, NMDC, Tata Steel and National Aluminiun are the other notable gainers.
Hindalco, however, bucked the trend and is down over 0.5 percent at Rs. 106.