Sensex down 155pts; Guj Amb plunges 7%

The Sensex is now down 155 points at 14,054.

Gujarat Ambuja has tumbled over 7% to Rs 136, and ACC has plunged 6.4% to Rs 1,045. Grasim has shed 3.5% to Rs 2,795.

Dr.Reddy's has tumbled 4.5% to Rs 774. SBI has slipped 4% to Rs 1,175.

HDFC Bank has declined 2.3% to Rs 1,032. Maruti and Tata Motors have dropped around 1.5% each to Rs 925 and Rs 950, respectively.

ICICI Bank, ITC, Tata Steel, NTPC, Reliance Communications and Hero Honda are the other major losers.

Bharti Airtel continues to stand firm with a gain of 2% at Rs 690.

Out of 2,655 stocks traded so far, 1,710 have declined, 902 have advanced and the rest are unchanged.