Global cues drag markets down

Markets on Monday slipped on weak global cues. The Sensex opened down 73 points at 17,062. It traded in a lack-lustre fashion for the whole day and slipped to a low of 16,836. The index finally ended near the low at 16,866 - down 268 points (1.5%).

The Nifty ended down 80 points (1.5%) at 5,003. During the day, the NSE index dropped below the 5,000 mark to touch a low of 4,992.

 INDEX SHAKERS...

Bharti Airtel plunged 8% to Rs 400. Grasim tumbled 7% to Rs 2,509.

Hindalco dropped 6.5% to Rs 118. Reliance Communications shed 5.6% to Rs 300.

DLF, Sterlite, SBI, Tata Motors, Maruti Suzuki and Jaiprakash Associates dipped 3-4% each.

The other losers include TCS, Tata Steel, Reliance, ICICI Bank and ACC.

...AND MOVERS

ITC gained 2.5% at Rs 239. Sun Pharma added 2% to Rs 1,429. Reliance Infrastructure was up 1.2% to Rs 1,220.

Image: The Bombay Stock Exchange