Sensex recoups early losses, down just 14pts

The Sensex opened 94 points lower at 8,104, and soon slipped to a low of 8,047. However, bargian hunting at lower levels helped the index recoup most of its early losses. The index is now down 14 points at 8,184.

The overall market sentiment continues to remain subdued, due to weak cues from the Asian markets - Hang Seng, Nikkei and Shanghai Composite indexes are down around 1-3% each.

The FIIs are also relentless selling in the last three trading days, having sold shares worth Rs 2,407 crore. So far this year, the FIIs are net sellers of Rs 10,413 crore in the cash segment.

Ranbaxy has plunged over 4% to Rs 138. ITC has shed nearly 3% at Rs 163.

Grasim has dropped 2.5% to Rs 1,349. DLF, Tata Power and Hindustan Unilever have slipped around 2% each to Rs 144, Rs 626 and Rs 225, respectively.

ACC, Maruti, Reliance and NTPC are down around 1.5% each at Rs 520, Rs 657, Rs 1,132 and Rs 171, respectively.

TCS, however, has moved up 1.5% to Rs 470.