Sensex down 24 pts; tech, banking stocks slide

Extended selling pressure in tech, banking and other select old economy scrips has seen the market tend to remain in negative territory.

After slipping to a low of 6,828 in early trades, the Sensex is now down 24 points at 6,834. The Nifty, too, remains weak at 2,106 - down six points.

Infosys has tumbled 1.66% (Rs 38) to Rs 2,260, while Satyam has lost 1.34% (Rs 6) to Rs 466. TCS (down Rs 4 to Rs 1,286) and Wipro (down Rs 4 to Rs 720), too, are trading at lower levels.

ICICI Bank has scaled down 2.70% (Rs 11) to Rs 408, and HDFC Bank has slipped a per cent (Rs 4) to Rs 581. SBI, too, is exhibiting weak trends at Rs 687 - down Rs 2.

ONGC has declined a per cent (Rs 8) to Rs 913. HLL, on fresh buying support, has advanced 2.77% (Rs 4) to Rs 146. Reliance is up Rs 3 at Rs 561.

L&T has flared up 2.60% (Rs 29) to Rs 1,132, while Reliance Energy has added 1.34% (Rs 8) to Rs 574. HDFC, however, has declined 2% (Rs 16) to Rs 811.

Bajaj has firmed up 1.71% (Rs 22) to Rs 1,287. Hero Honda (up Rs 4 to Rs 560) is up with steady gains, while Maruti is down a rupee at Rs 463.