The NSE Nifty is down 51 points at 5,085.
ITC has slumped 5.5% to Rs 215.
Satyam has plunged 3.7% to Rs 471, and Infosys has slipped over 3% to Rs 1,784.
ICICI Bank has dropped over 3% to Rs 891. Larsen & Toubro and Reliance Energy have shed 2.6% each at Rs 2,907 and Rs 1,399, respectively.
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HDFC Bank and Jaiprakash Associates have declined 2.3% each to Rs 1,507 and Rs 268, respectively. TCS is down 2% at Rs 947.
Tata Steel and Bharti Airtel have moved up 1.7% each to Rs 840 and Rs 830, respectively.
ACC has advanced 1.3% to Rs 747, and Reliance Communications is up over 1% at Rs 546.
Out of 2,671 stocks traded so far, 1,623 have declined and 979 have advanced and 69 are unchanged.