Sensex down 142pts; market breadth -ve

The Sensex is now down 142 points at 10,778.

ICICI Bank has dropped 3.5% to Rs 489. Satyam has shed 2.5% to Rs 715.

HDFC Bank, Wipro, Bajaj Auto and Dr.Reddy's are down over 1.5% each at Rs 794, Rs 489, Rs 2,767 and Rs 1,356, respectively.

The market breadth is negative - out of 1,796 stocks traded so far, 979 have declined, 744 have advanced and 73 are unchanged.