Sensex remains weak...

The markets still continue to trade weak inspite of the better than expected Q4 results reported by Infosys. The Sensex slipped to a low of 17,736 and is now 91 points lower at 17,759. The NSE Nifty is 30 points down at 5,309.

Among the Sensex-30 stocks, Hero Honda has slipped 4% to Rs 2,005. Tata Motors and Reliance Communication have declined 2% each to Rs 766 and Rs 173, respectively.

ICICI Bank, Hindalco Industries, Sterlite and Mahindra & Mahindra are down 1% each.

IT stocks like Wipro and TCS have added over 1% each at Rs 713 and Rs 804, respectively.

IT bellwether Infosys has managed to erase its losses and is now marginally up at Rs 2,687.

The market breadth is now fairly positive, out of 2,415 shares traded, 1,228 have advanced and 1,105 have declined so far on the BSE.

The BSE midcap and the smallcap indices are flat.

Among the sectoral indices, auto, bankex and metal indices are down around 1% each. While the IT index is up 0.5% on the BSE.