Sensex down 200 points

Markets continue to trade at lower levels, The Sensex is down 0.76% or 202 at 20,295 and Nifty is at 6113 down 64 points.

Meanwhile the Eurpean markets have also slipped into red, CAC is down one point at 3818 and FTSE is at 5712 down 15 points. Most of the Asian markets also ended in the red, Nikkei ended at 9500 lower by 83 points, Taiwan ended down 10 points at 8205 and Hang Sensg is also lower by 94 points at 23,757.

Backhome, IT stocks continue to remain weak. Banking, Auto and FMCG stocks are also trading at lower levels. The IT index has shed 163 points at 6116, Bankex and Auto indices are lower by more than 1% each. However Realty index is the only gainer on the sectoral charts.

TCS is the top loser among the IT stocks, trading at Rs 954 down more than 3% followed by Infosys, Wipro, Oracle Financial Services Software and Tech Mahindra down more than 1% each.

Axis Bank leads the Bankex losers chart, the stock is down 3% at Rs 1515 followed by Federal Bank, Bank of India and SBI down more than 1.8% each.

Bharti Airtel, Tata Motors, ACC, ITC and J P Associates are among the top losers on the Sensex down more than 1.5% each. However NTPC, Hindustan Unilever and Reliance Infrastructure, HDFC and Tata Power are the significant gainers on the Sensex.

The market breadth is extremely negative, out of 3023 stocks traded on the BSE, 1601 stocks are decling and 1327 stocks are advancing.