Sensex down 10pts; ICICI, HDFC Bank slip 3%

The Sensex is now down 10 points at 18,727.

Reliance Communications has rallied over 2% to Rs 710.

NTPC has gained 1.5% at Rs 257.

Bajaj Auto, Maruti and Ranbaxy are the other major gainers.

HDFC Bank and ICICI Bank have slipped around 3% each to Rs 1,430 and Rs 1,114, respectively.

Wipro has shed 2.5% at Rs 446. Infosys has dropped almost 2% to Rs 1,612.

Tata Motors has declined 1.4% at Rs 675, and Mahindra & Mahindra is down over 1% at Rs 720.