Sensex down 16pts, ITC declines 2%

The Sensex has declined 16 points to 7,801.

Infosys is down Rs 21 at Rs 2,270. TCS, Wipro and Satyam are trading with losses.

ITC is down 2% (Rs 32) at Rs 1,692. Reliance has dropped Rs 6 to Rs 711. SBI is also weak.

Hero Honda has advanced 4% (Rs 25) to Rs 671. ACC and Hindalco are also trading with gains.