Sensex southbound; ONGC, Infy, NTPC, SBI, TCS drag

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At 13.20 hrs IST, the Sensex slipped further and was trading below 16900 mark. Realty, IT, bank, power and oil & gas stocks were witnessing selling pressure. Reliance, Infosys, ICICI Bank, L&T, TCS, ONGC, DLF and ITC were the negative contributors to the Sensex. The broader indices were trading mixed.

The Sensex was down 100.72 points or 0.59% at 16898.06, and the Nifty was down 33.95 points or 0.67% at 5020.75.

The market breadth was positive, about 1479 shares have advanced while 1374 shares declined. Nearly 576 shares were unchanged.

Suzlon proposes to sell 35% stake in Hansen; Suzlon's 35% stake in Hansen valued at €375 Mn. The stock was up 3%.

KEC International bags orders worth Rs 114 Cr. The stock gained 2%.

McNally Bharat bags order worth Rs 306 Cr. The stock was up 1%.

Top losers on the Sensex - Jaiprakash Associates was at Rs 231, down 2.72%; Reliance Infrastructure was at Rs 1,127, down 2.01%; DLF was at Rs 372.70, down 2.01%; Infosys was at Rs 2,396.10, down 1.54% and Reliance Communications was at Rs 174, down 1.53%.

Top gainers on the BSE Midcap: Bayer Cropscience, Andrew Yule, BF Utilities, 3M India and Spice Communication were up 3-14%.

Top losers on the BSE Midcap: Exide Industries, KGN Industries, Indiabulls Real, HDIL and Shree Renuka were down 3-5%.

Top gainers on the BSE Smallcap: Raj Oil Mills, Resurgere Mines, Tata Metaliks, Webel SL Energy and Religare Technova were up 10-16%.

Top losers on the BSE Smallcap: Pratibha Inds, Murli, Vindhya Telelin, JMD Telefilms and Ajmera Realty were down 4-7%.

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