The markets have slipped below the dotted line in the past one hour. The Sensex is quoting at 17554, weaker by 30 points, and the Nifty is at 5252, down 7 points. Consumer goods, IT and auto sectors are trading weak.
ONGC is the top loser on the Sensex, weakening by 1.3% at Rs 1213. L&T, M&M and Infosys have declined by nearly 1% each to Rs 1,650, Rs 1,159 and Rs 2,664 respectively.
Index heavyweight Reliance is trading flat, with a negative bias, at Rs 1117.
On the other hand, Reliance Communications has soared 4.4% to Rs 191 and DLF has advanced 1% to Rs 387. Reliance Infrastructure, TCS and NTPC have added nearly 1% each at Rs 1,135, Rs 789 and Rs 232 respectively.
Out of 2668 stocks traded on the BSE, there are 1500 advancing stocks as against 1094 declines.