Sensex ends down 205pts

The Sensex has ended (provisional) at 17,125, down 205 points. The NSE Nifty finally settled (provisional) 63 points lower at 5,130.
_____________________________________________________

(Updated at 1335hrs)

Markets have started to recover from their lows. The Sensex is now down just 98 points at 17,232. Earlier in the day, the index had touched a low of 17,114.

The Nifty is down 31 points at 5162.

Markets had opened today on a soft note tracking Asian peers. This came after a more than 3% rise on monday owing to a bailout package for Greece.

The BSE metal index is down 1.5% at 16,668. Realty and power indices are also weak.

Reliance Communications has dropped 3% to Rs 150. Bharti Airtel has dropped 2% to Rs 288.

Reliance Infrastructure and DLF have dropped around 2% each at Rs 1035 and Rs 298, respectively.

Metal stocks are in red. Hindalco has declined 2.5% to Rs 171. Sterlite and Tata Steel have slipped 1.7% each to Rs 742 and Rs 592, respectivey.

Grasim, ONGC, Cipla, TCS, BHEL and Reliance are down.

Other losers include Maruti and Tata Motors who are down around 1% each.

However, Mahindra & Mahindra has gained 1% at Rs 560 on good sales numbers.

Hero Honda, HDFC Bank, Jaiprakash Associates and Larsen & Toubro are marginally in green now.