Markets trading at lower levels; Satyam, Tata Motors lose ground

The Sensex is trading 86 points lower at 9,601. The Nifty is down 31 points to 2938.

Wipro is trading 3.3% higher at Rs 251 and ICICI Bank is up 1.2% to Rs 432. SBI,Bhel, Ranbaxy, Infosys and Tata Power are the other Sensex gainers.

Satyam is still down 15% to Rs 119 and Tata Motors has lost 5.9% to Rs 164.55. Tata Steel, Jaiprakash Associates, DLF and RCom are all down over 3.5% each. Maruti, TCS, ITC, Grasim and NTPC are down over 2% each.