Sensex down 127pts; ONGC down 2.5%

The Sensex is now down 127 points at 13,440.

ONGC has shed 2.5% to Rs 896. Satyam and Wipro have slipped over 2% each to Rs 458 and Rs 569, respectively.

Infosys, Gujarat Ambuja and HDFC have dropped around 1.5% each to Rs 2,160, Rs 138 and Rs 1,538, respectively.

Cipla, Grasim, TCS and Reliance Energy are down over 1% each.