Markets slip deeper into red

Prior to the derivatives expiry this Thursday, markets have shown weakness, ignoring strong cues from the US markets.

The Sensex has extended losses and touched a low of 17,098. Earlier in the day, the index had opened at the day's high of 17,231.

The Sensex is now down 57 points at 17,123.

BSE auto index continues to shine. The index is now up 1.7% at 7,072. The bankex, oil & gas, metal power index are weak.

INDEX SHAKERS...

Reliance Infrastructure has dropped 2% to Rs 1,069. ACC has declined 2% to Rs 775.

HDFC has slipped 1.3% to Rs 2,799. ONGC, ICICI Bank, HDFC Bank and Grasim have moved dpown 1% each.

...AND THE MOVERS

Meanwhile, Maruti Suzuki is up 3% at Rs 1,604. Mahindra & Mahindra has added 2% to Rs 1,064. Tata Motors and Hero Honda have advanced 1.8% each to Rs 658 and Rs 1,681, respectively.

Telecom stocks are up. Bharti Airtel and Reliance Communications have added 1% each. DLF 1.2% to Rs 377.