Markets decline further

Markets continue to slide down as metal, realty and banking stocks decline.

The Sensex is at the day's low now - down 268 points at 17,505. Nifty is down 83 points at 5,250.

BSE mid and small-cap indices have outperformed the broader markets. The indices are down 0.5% each at 7,122 and 9,031, respectively.

All the sectoral indices are still in red with metal index leading the fall. The index has shed 2.6% at 14,643. Realty, bankex, oil and power indices have declined over 1% each.

Hindalco has slumped 4.3% to Rs 144. Reliance Infrastructure and Tata Steel have slipped 3% each to Rs 1,177 and Rs 484, respectively.

Jaiprakash Associates has dropped 2.7%, Reliance Communications has slipped 2.8% while HDFC Bank and Jindal Steel are down 2.6% each.

ICICI Bank, Sterlite, Tata Motors, HDFC, Rliance and DLF are down as well.

BSE market breadth is negative now. Out of 2,896 stocks traded, 1,755 have declined while 1,065 have advanced.