The Sensex is now down 120 points at 17,704.The NSE Nifty is down 45 points at 5,245.Bharti Airtel, Tata Motors and Tata Steel have dropped around 2% each to Rs 826, Rs 696 and Rs 807, respectively.ICICI Bank and Wipro have slipped nearly 2% each to Rs 1,083 and Rs 439, respectively.Reliance and ONGC have shed 1.5% each at Rs 2,502 and Rs 1,024, respectively.Mahindra & Mahindra has rallied over 2% to Rs 695. ITC and NTPC have moved up around 1.5% each to Rs 205 and Rs 207, respectively.Reliance Energy and TCS are up 1% each at Rs 1,617 and Rs 888, respectively.Out of 2,406 stocks traded so far, 1,312 have advanced, 1,023 have declined and 71 are unchanged.