Weakness persists... Sensex down 207pts

The Sensex is now down 207 points at 17,885.

The NSE Nifty is down 76 points at 5,205.

Bajaj Auto and Hindustan Unilever have plunged over 4% each to Rs 2,278 and Rs 199, respectively.

Reliance Energy tumbled 3.5% to Rs 2,034. ITC and Reliacne dropped around 35 each to Rs 195 and Rs 2,502, respectively.

ONGC and ICICI Bank slumped over 2.5% each to Rs 992 and Rs 1,190, respectively.

Hindalco, Mahindra & Mahindra and Reliance Communications slipped nearly 2% each to Rs 176, Rs 689 and Rs 631, respectively.

Tata Motors, Maruti and NTPC declined 1.7% each to Rs 703, Rs 842 and Rs 208, respectively.

Satyam shed 1.5% at Rs 391. Grasim, Larsen & Toubro and Cipla are down over 1% each at Rs 2,965, Rs 3,728 and Rs 189, respectively.

Tata Steel has moved up 1.5% to Rs 727.

HDFC, BHEL and Bharti Airtel are up 1% each at Rs 2,880, Rs 2,072 and Rs 858, respectively.

The market breadth is fairly negative - out of 2,624 stocks traded so far, 1,699 have declined, 875 have advanced and the rest are unchanged.