Sensex down 110pts; ITC gains 2%

The Sensex is now down 110 points at 16,108.

The NSE Nifty is down 35 points at 4,842.

Bharti Airtel and Hindustan Unilever have plunged 4% each to Rs 801 and Rs 235, respectively.

ICICI Bank has slumped 3.5% to Rs 849. Jaiprakash Associates has shed 3% at Rs 226.

BHEL has slipped nearly 2% to Rs 1,974. DLF has declined 1.6% to Rs 668.

Ambuja Cements, Reliance Communications and Reliance are down 1% each at Rs 123, Rs 533 and Rs 2,292, respectively.

Tata Steel has surged 3% to Rs 653. HDFC has rallied 2.7% to Rs 2,660.

ITC has moved up nearly 2% to Rs 195. Infosys and Satyam are up over 1% each at Rs 1,512 and Rs 416, respectively.

Out of 2,715 stocks traded so far, 1,680 have advanced, 970 have declined and 65 are unchanged.