Sensex down 130pts; market breadth fairly -ve

The Sensex is now down 130 points at 10,790.

ICICI Bank has slipped over 4% to Rs 486. Satyam has dropped 3% to Rs 712.

Larsen & Toubro, Dr.Reddy's, TCS and Bajaj Auto have declined 2% each to Rs 2,222, Rs 1,349, Rs 1,812 and Rs 2,755, respectivey.

Reliance is down 1.5% at Rs 1,078.

The market breadth is fairly negative - out of 2,106 stocks traded so far, 1,257 have declined, 780 have advanced and 69 are unchanged.