The Sensex is now down 258 points to 16,984 points. The Nifty is trading at 5040 points, down 76 points. TCS has gained 0 .5% at Rs 969. Satyam and Infosys have advanced marginally.Tata Motors has lost 3.9% to Rs 662. Reliance Infra is down 3.2% to Rs 1,334. ICICI Bank has declined 2.8 % at Rs 885. HDFC and M&M are down 2.1% at Rs 2,630 and Rs 653 respectively. Jaiprakash Associates and HDFC Bank have lost 1.9% at Rs 247 and Rs 1386.Reliance Communications, L&T, Hindalco, Grasim, Maruti, Bhel, NTPC, ITC and DLF are the major losers.