Sensex down 103pts; TCS, Satyam slip 2%

The Sensex is now down 103 points at 19,500.

Reliance and ICICI Bank have dropped around 2.5% each to Rs 2,858 and Rs 1,138, respectively.

TCS and Satyam have slipped nearly 2% each to Rs 1,033 and Rs 440, respectively.

Ranbaxy and ONGC are down 1% each at Rs 388 and Rs 1,159, respectively.

Tata Steel has surged 4% to Rs 872. Mahindra & Mahindra has rallied 2.5% to Rs 770.

BHEL has moved up 1.8% to Rs 2,811, and Ambuja Cements has gained 1.3% at Rs 154.

Larsen & Toubro and Wipro are up over 1% each at Rs 4,227 and Rs 499, respectively.

Out of 2,854 stocks traded so far, 1,921 have advanced, 882 have declined and 51 are unchanged.