A breif recovery some time back saw the Sensex touch a high of 16,649. The index is now down 115 points at 16,605.

The NSE Nifty is down 34 points at 4,936.

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Tata Steel, DLF and Sterlite have dropped over 2% each to Rs 509, Rs 414 and Rs 752, respectively.

Hero Honda, Mahindra & Mahindra and Maruti are down nearly 2% each.

Bharti Airtel, HDFC and NTPC have advanced 2% each to Rs 422, Rs 2,705 and Rs 212, respectively.

HDFC Bank has gained 1.5% at Rs 1,593, and Hindustan Unilever is up 1% at Rs 261.

The market breadth continues to remain negative - out of 2,629 stocks traded, 1,442 have declined and 1,105 have advanced.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Wall Street edges up at open on data, China - Telenor to drop partner Unitech after SC verdict - New York Life may exit from Indian JV - Kingfisher Airlines delays financial results for Q3 - PSL wins orders worth Rs 742 cr in Q4

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