Sensex slips over 100pts
The Sensex has slipped further down and is at 17,127, down 123 points.
The NSE Nifty is at 5,084, down 34 points.
________________________________________________________
(Updated at 1229hrs)
The Nifty is down eight poinst at 5,100.
Sun Pharma and ITC have shed 3% each at Rs 1,362 and Rs 250, respectively. Hindustan Unilever has dropped over 2%.
IT stock - Infosys is down 2% at Rs 2,207. TCS and Wipro are down 1.5% each at Rs 582 and Rs 574.
Bharti Airtel and Grasim have also declined in noon trades.
Meanwhile, Tata Power and NTPC ahve gained 2.5% each at Rs 1,378 and Rs 219, respectively.
BHEL, Jaiprakash Associates, DLF, Tata Steel, Sterlite, BHEL and Reliance have managed to hold on to gains and are up over 1% each.
The market breadth is positive. Out of 2,610 stocks traded 1,453 have davnaced while 1,065 have declined.