Markets have once again slipped into the negative zone. The Sensex is weak and is now down 68 points at 16,285.
The Nifty is down 18 points at 4,828.
The BSE Bankex has not been able to recover from Tuesday's blow and is now down 1% at 9,577. The consumer durables and FMCG indices are down arund 1% each.
Maruti and ICICI Bank are the major loser, down 3% each at Rs 1,437 and Rs 811, respectively.
Reliance Communications, HDFC Bank and Sterlite have declined over 2% each at Rs 203 and Rs 1,634 and Rs 760, respectively.
ITC, Hero Honda, ONGC, Tata Steel and BHEL are down 1-2% each.
Bharti Airtel on the other hand has gained 4.5% at Rs 320. Tata Motors and Wipro have advanced 3% at Rs 564. Wipro and Larsen & Toubro are up 2% each.
The market breadth is fairly negative, out of 2,582 shares traded, 1,452 have declined and 1,053 have advanced so far on the BSE.