For the third consecutive hour, the markets has registered a new intra-day low of 17,864, down 151 points from the day's high. The smallcap index and the nidcap index  down  1.2% ecah are underperforming as compared to the benchmark index.Even a positive GDP news failed to lift the modd in the market. India's economy grew a faster-than-expected 8.8 % in the June quarter from a year earlier, as strong consumer demand boosted manufacturing activity.

Farm sector grew 2.8 per cent in the June quarter compared with 1.9 per cent rise in the year-ago quarter. Manufacturing grew 12.4 per cent, compared with 3.8 per cent. Mining output grew 8.9 per cent, compared with a rise of 8.2 per cent. Financing, insurance, real estate and business service grew 8.0 per cent versus 11.8 per cent. Construction grew 7.5 per cent versus 4.6 per cent. The economy is expected to grow 8.5 per cent on year in 2010/11, compared with an annual expansion of 7.4 per cent in 2009-10.

All the sectoral indices on the BSE has slipped into the red. FMCG and Health Care appear at the top of the chart and are the laest losers. However, Metal, Oil & Gas and Realty have extended losses to remain at the bottom.Among the metal index, the draggers are Jindal Steel and Hindalco down 2% each. Sobha Dev and Peninsula Land shedding 4% each are the major draggers in the realty index.

Tata Motors (Rs 996) up 0.4% is the top gainer on the Sensex followed by HDFC Bank (Rs 2132), Hindustan Unilever (Rs 263), Mahindra & Mahindra (Rs 609), Maruti Suzuki (Rs 1235) and NTPC (Rs 195) adding 0.03% - 0.09% round the list.

Jaiprakash Associates (Rs 108) and Reliance Communications (Rs 156) down nearly 4% ecah are the top losers on the Sensex. DLF (Rs 299), Jindal Steel (Rs 683) and market heavyweight RIL (Rs 927) down 2.4% each are the other noteable losers.

Market breadth continues to be very negative. 2076 stocks have declined while 649 have advanced on the BSE.

Click here for Cloud Computing

Also Read   Related Stories News Now - Asian markets drag Sensex - Nifty below 5,400 - Markets have a soft opening - Asian markets are trading weak - Sensex up 0.2%, but end off highs - Markets welcome clarity on capital gains tax

Also Read   Related Stories News Now - Markets open on a flat note - Euro under pressure after Moody's downgrades - Global markets fall as focus shifts to Athens' commitment - Govt probes Google, Yahoo for possible forex violation - Moody's cuts France, UK, Austria outlooks to negative More

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets open on a flat note - Euro under pressure after Moody's downgrades - Global markets fall as focus shifts to Athens' commitment - Govt probes Google, Yahoo for possible forex violation - Moody's cuts France, UK, Austria outlooks to negative

Tags : Markets | Sensex | Nifty |   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  We live for our family. have you secured them? -  Financial Learning now made easier and more convenient. -  Earn fuel worth Rs.2400 with Citi -  India's No. 1 Property Site. Click here to know more.. -  Get 5% cashback on telephone bills with Citi -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...