Sensex slips below 14K, down 114pts

A fresh round of selling in the market has dragged the Sensex below the psyschological 14,000-mark in mid-noon trades.

The index is now down 114 points at 13,970.

Satyam has plunged over 4% to Rs 477. Hindalco has tumbled over 3% to Rs 156.

Reliance Communications has shed 2.5% to Rs 492. Dr.Reddy's and Tata Motors have dropped 2% each to Rs 612 and Rs 639, respectively.

Cipla, SBI and HDFC Bank have declined around 1.5% each to Rs 208, Rs 1,319 and Rs 1,083, respectively.

NTPC and Wipro are down over 1% each at Rs 153 and Rs 536, respectively.

ACC has surged 2% to Rs 779, and Tata Steel has spurted over 1% to Rs 586.

Out of 2,434 stocks traded so far, 1,688 have declined, 667 have advanced and 79 are unchanged.