Markets languish at lower levels

The markets continue to languish at lower levels. The Sensex is now down 291 points at 17,300, and the Nifty has slipped 94 points to 5,168.

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(Updated at 1120 hrs)

Markets have slipped to the day's low on continued pressure in metal and realty stocks.

The Sensex is now down 269 points at 17,322. The Nifty is down 86 points at 5,176.

All indices are in red. Metal index has dropped 2.4% to 17,785. Realty, oil and power indices are down around 2% each.

Tata Steel has slumped 3.6% to Rs 669. Sterlite has dropped 3% to Rs 813.

DLF has shed 2.8% to Rs 321. Jaiprakash Associates has declined 2.3% to Rs 145.

Sun Pharma and Wipro have tumbled 2% each to Rs 1761 and Rs 706, respectively.

Tata Motors, Reliance Infrastructure, ONGC, Reliance Communications and ITC have dropped 2% each. Reliance is down 2% at Rs 1060.

Other losers in the index are Maruti, Grasim, M&M, Infosys, ICICI Bank and SBI.

TCS has also slipped in red and is now at Rs 812.

The market breadth continues to be nagtive. Out of 2,722 stocks traded, 1,966 have declined while 629 have advanced.