<b>Budget 2008: </b> Sensex down 120pts

The Sensex is now down 120 points at 17,704.

The NSE Nifty is down 45 points at 5,245.

Bharti Airtel, Tata Motors and Tata Steel have dropped around 2% each to Rs 826, Rs 696 and Rs 807, respectively.

ICICI Bank and Wipro have slipped nearly 2% each to Rs 1,083 and Rs 439, respectively.

Reliance and ONGC have shed 1.5% each at Rs 2,502 and Rs 1,024, respectively.

Mahindra & Mahindra has rallied over 2% to Rs 695. ITC and NTPC have moved up around 1.5% each to Rs 205 and Rs 207, respectively.

Reliance Energy and TCS are up 1% each at Rs 1,617 and Rs 888, respectively.

Out of 2,406 stocks traded so far, 1,312 have advanced, 1,023 have declined and 71 are unchanged.