Sensex down 274pts; Satyam down 4.7%

The Nifty is trading at 4658, down 81 points.

Ranbaxy is up 1.1% at Rs 519, Reliance has advanced 0.9% to Rs 2,378 and Tata Motors and ACC are up 0.8% to Rs 567 and Rs 631 respectively.

Grasim and Cipla have gained 0.7%  at Rs 2,226 and Rs 209 respectively.

Reliance Infrastructure is down 5.8% to 1,103, Satyam has lost 4.7% to Rs 494, Bharti has declined 4.5% to Rs 838. Jaiprakash and Bhel have slipped 4.1% at Rs 203 and Rs 1,530 respectively.

Infosys is down 3% at Rs 1,893.

L&T, TCS, Ambuja Cements, Wipro, Hindalco and Maruti are the other losers.