Sensex down 138pts; Bharti down 4.3%

The Nifty is trading at 4704, down 34 points.

ACC is up 4.4% at Rs 653. Reliance has surged 2.7% to Rs 2,418.

Tata Motors has advanced 1.3% to Rs 570.

Ranbaxy is up 0.8% at Rs 518. Ambuja Cements and Wipro are the other gainers.

Bharti and Reliance Infra have declined 4.3% to Rs 839 and Rs 1,120. Satyam has lost 4% to Rs 497.  Jaiprakash is down 3.9% at Rs 203. 

Bhel has declined 3.7% at Rs 1,536. HDFC Bank is down 3.6% at Rs 1,260. HDFC, L&T, NTPC, TCS, Maruti, Infosys,  Hindalco, Tata Steel, ITC and Grasim are the other losers.