Sensex down 16pts; ITC, Hero Honda slips

The Sensex is now down 16 points at 14,500.

Reliance Energy has soared over 2% to Rs 560, and ICICI Bank has moved up 1.8% to Rs 964.

HLL, Ranbaxy and Grasim are up 1% each at Rs 210, Rs 419 and Rs 2,816, respectively.

Reliance Communications has shed 4.5% to Rs 492.

Hero Honda has dropped 1.7% to Rs 718, and ITC has slipped 1.5% to Rs 175.

Hindalco, HDFC Bank, Wipro and HDFC are down around 1% each at Rs 176, Rs 1,090, Rs 628 and Rs 1,800, respectively.

Out of 2,659 stocks traded so far, 1,482 have moved up, 1,126 have slipped and 51 are unchanged.