The markets continue to move in a tight range, the Sensex is now at 16,788, down 329 points.
The Nifty is down 104 points at 5031.
On the sectoral indices Metal and Realty remain the major daggers.
Sesa Goa, Hindalco and Tata Steel are the major losers among the metal pack, whereas DLF and HDIL are the laggards in the realty space.
Reliance Communications has extended gains, and is now at Rs 174, up 4%.
The market breadth also remains negative - with 1.977 stocks declining to 680 advances.
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