Sensex down 195 pts

The market is still under the grip of a broad-based selling pressure, with most of the scrips continue to trade with steep losses.

The Sensex, as a result, is now down 195 points at 6,273, while the Nifty has lost 61 points to 1,964.

Infosys is still trading with a steep slump of 6.27% (Rs 132) at Rs 1,970. Wipro at Rs 614 (down Rs 32 or 5%) and Satyam at Rs 387 (down Rs 20 or 4.98%) are largely unchanged from their earlier losses.

Reliance has edged lower by 2.61% (Rs 14) to Rs 531. ONGC has lost 3% (Rs 26) to Rs 851. While ITC has shed 1.73% (Rs 24) to Rs 1,391, HLL is subdued with a loss of 1.48% (Rs 2) at Rs 133.

SBI has tumbled 2.52% (Rs 16) to Rs 629. While HDFC Bank has declined 3.42% (Rs 19) to Rs 543, ICICI Bank is down nearly 3% (Rs 12) at Rs 400.

Dr. Reddy's has tumbled 3% (Rs 22) to Rs 715. While Cipla has slumped 4.25% (Rs 11) to Rs 239, Ranbaxy is trading 2.62% lower (Rs 26) at Rs 960.

Bajaj at Rs 1,065 (down Rs 19 or 1.79%), Tata Motors at Rs 411 (down Rs 14 or 3.26%) and Maruti at Rs 405 (down Rs 7 or 1.71%) continue to display weak trends.

Hindalco has crashed 5.58% (Rs 74) to Rs 1,255. HDFC at Rs 704 (down Rs 19 or 2.61%), BHEL (down Rs 11 or 1.33% to Rs 791), L&T at Rs 945 (down Rs 20 or 2%) and Tisco (down Rs 13 or 3.39% to Rs 368) are still reeling under selling pressure.