Markets extend losses

The Sensex is now down 107 points at 16,990. The Nifty is down 37 points at 5,069.
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(Updated at 1338 hrs)

The Sensex is still in the negative zone and is now at 17,070, down 27 points. 

Among the sectoral indices, bankex index has declined 1.5% to 9,825.

Among the Senex-30 stocks, Hindalco has soared 2.5% to Rs 144. Mahindra & Mahindra, Tata Steel and ITC have added 1.5% each at Rs 1,053, Rs 553 and Rs 252, respectively.

Sun Pharma, Hindustan Unilever and Sterlite are up 1% each.

Reliance Communications has declined 2.5% to Rs 176. ICICI Bank and Tata Motors have slipped 2% each to Rs 833 and Rs 697, respectively.

HDFC Bank, SBI, BHEL and Maruti on the other hand have slipped 1-2% each.