The Sensex has extended losses to touch a low of 16,732. The index is now at 16, 737, down 100 points. The NSE Nifty is at 4,969, down 25 points.

The Bankex index slipped 1% to 9,792.

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Tata Motors has slumped 5% to Rs 560. SBI has declined 2.5% to Rs 2,063.

ITC, HDFC, ICICI Bank and Hero Honda have declined over 1.5% each.

Bharti Airtel has advanced 4% to Rs 347. Reliance Communications has added 2.5% to Rs 253 and ONGC is up 2% at Rs 1,225.

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