The Sensex opened with a marginal positive gap of 23 points at 17,031. However, the index quickly slipped to a low of 16,907- down 102 points. The index has recovered somewhat and is now down 76 points at 16,932.
The Nifty is down 29 points at 5,034.
Jaiprakash Associates has slumped 5% to Rs 243. Tata Motors has shed 3.5% at Rs 543.
Larsen & Toubro is down 2.5% at Rs 1,631 ahead of its results. ICICI Bank, Reliance and ACC have dropped 1-2% each.
Meanwhile, Infosys has gained 3% at Rs 2,230. Hero Honda, Sterlite, Bharti Airtel and ITC have added over 1% each.
