Markets slip, breadth -ve; Reliance up 3%

The NSE Nifty is down eight points at 4,258.

Reliance has rallied nearly 3% to Rs 2,080. Jaiprakash Associates has surged 2.7% to Rs 158.

SBI and HDFC have advanced over 2% each to Rs 1,232 and Rs 2,262, respectively.

BHEL have gained 1.8% at Rs 1,386. Ranbaxy and NTPC have moved up around 1.5% each to Rs 521 and Rs 164, respectively.

ITC has plunged nearly 4% to Rs 188, and TCS have slumped 3% to Rs 832.

Hindustan Unilever and Maruti have shed 1.7% each at Rs 223 and Rs 677, respectively.

Hindalco and Grasim are down 1% each at Rs 147 and Rs 2,120, respectively.

The market breadth is negative - out of 2,520 stocks traded so far, 1,403 have declined, 1,052 have advanced and 65 are unchanged.