Sensex down 32pts; ONGC, HDFC drop 2%

The Sensex is now down 32 points at 11,434.

ONGC has dropped 2% to Rs 1,186. HDFC has slipped 1.8% to Rs 1,279.

Hero Honda has declined 1.5% to Rs 696. Dr.Reddy's, ITC, HDFC Bank, NTPC and Tata Steel are down over 1% each to Rs 1,478, Rs 178, Rs 832 Rs 124 and Rs 508, respectively.

ACC has advanced over 1% to Rs 914. Infosys and Cipla are the other notable gainers.

Out of 2,045 stocks traded so far, 1,183 have advanced, 818 have declined and 44 are unchanged.