Sensex down 122pts; Dr.Reddy's up 3%

The Sensex is now down 122 points at 14,009.

SBI has shed 2.4% to Rs 1,300. Wipro and Reliance Communications have dropped 2% each to Rs 528 and Rs 489, respectively.

HDFC, Larsen & Toubro and HLL have slipped 1.7% each to Rs 1,751, Rs 1,874 and Rs 187, respectively.

Hero Honda, Reliance, TCS and ITC are the other major losers.

Dr.Reddy's has soared 2.7% to Rs 627. Satyam has surged 1.5% to Rs 486, and Reliance Energy has gained 1% at Rs 522.

Out of 2,489 stocks traded so far, 1,276 have declined, 1,129 have advanced and 84 are unchanged.