The market is under the grip of a strong bear hug as the index has lost more than 100 points on broad-based selling pressure. Although buying remains stock-specific, the Sensex has slipped below the 6,200-mark to 6,196 - down 88 points. The Nifty has shed 27 points to 1,914.Reliance has dropped 2% (Rs 11) to Rs 531. ONGC has dipped 2% (Rs 17) to Rs 818. ITC has slumped 2.15% (Rs 31) to Rs 1,420, and HLL has declined 2.65% (Rs 4) to Rs 140.SBI has plunged 2.52% (Rs 15) to Rs 589. While ICICI Bank is trading lower by 2.37% (Rs 9) at Rs 366, HDFC Bank has lost 1.59% (Rs 9) to Rs 528.While Satyam has lost 2% (Rs 9) to Rs 410, Wipro is trading marginally lower at Rs 636. Infosys is trading flat at Rs 1,906.Ranbaxy has recovered marginally and is now a per cent (Rs 10) at Rs 908. Dr. Reddy's is down 1.22% (Rs 8) at Rs 641. Cipla, however, continues to trade with strong gains at Rs 264 - up Rs 6 or 2.29%.Grasim has shed 3% (Rs 36) to Rs 1,176. Gujarat Ambuja and ACC are trading slightly over a per cent loss each at Rs 422 and Rs 363, respectively.Bajaj at Rs 1,079 (down Rs 12 or 1.10%), Hero Honda at Rs 508 (down Rs 12 or 2.30%), Maruti at Rs 407 (down Rs 8 or 1.87%) and Tata Motors at Rs 417 (down Rs 12 or 2.83%) are reeling under selling pressure.Hindalco (down Rs 23 or 1.89% to Rs 1,215), HDFC (down Rs 14 or 1.86% to Rs 735), BHEL (down Rs 13 or 1.63% to Rs 790), HPCL (down Rs 8 or 2.58% to Rs 310) and Tata Power (down Rs 10 or 2.85% to Rs 340), too, have succumbed to heavy losses. Zee, however, is up 1.58% (Rs 2) at Rs 132.
