Sensex slips below 6,700-mark, down 37 pts

The market is on a downward curve in current trades as a wave of selling pressure in heavyweights and other select old economy stocks has seen the index slip below the 6,700-mark to a low of 6,689.

The Sensex has shed 37 points to 6,693, while the Nifty has lost 13 points to 2,075.

Reliance has lost a per cent (Rs 4) to Rs 536. ITC has declined 1.40% (Rs 22) to Rs 1,569, while ONGC is weak at Rs 926 - down Rs 4.

Infosys (down Rs 7 to Rs 2,214) and Wipro (down Rs 2 to Rs 709) are trading on a lacklustre note.

ICICI Bank (down Rs 4 to Rs 395). SBI and HDFC Bank are up a per cent each at Rs 664 (up Rs 4) and Rs 540 (up Rs 5), respectively.

BHEL has dropped 1.38% (Rs 12) to Rs 870. Hindalco at Rs 1,098 (down Rs 15 or 1.37%) and HDFC at Rs 758 (down Rs 11 or 1.40%) have come under sharp selling pressure. L&T, however, has advanced 2.85% (Rs 30) to Rs 1,080.

Ranbaxy has dropped 1.49% (Rs 17) to Rs 1,098. Dr. Reddy's and Cipla have slipped into the red to Rs 729 and Rs 289, respectively.

ACC has lost 1.45% (Rs 5) to Rs 373. Grasim and Gujarat Ambuja are down a per cent each at Rs 1,113 and Rs 447, respectively.