The Sensex has erased some of its losses and is now down 35 points at 11,372. The index had dropped over 100 points in the opening trades.ONGC is down 1.7% at Rs 1,179. ICICI Bank has shed 1.4% at Rs 582.Grasim, BHEL, Reliance Communications and HDFC Bank have declined over 1% each to Rs 2,166, Rs 2,224, Rs 288 and Rs 845, respectively.Hero Honda, Cipla and Ranbaxy have spurted over 1% each to Rs 709, Rs 249 and Rs 390, respectively.Out of 2,263 stocks traded so far, 1,254 have declined, 936 have advanced and the rest are unchanged.
