Sensex down 33pts; REL, ONGC drop

The Sensex is now down 33 points at 11,415.

Reliance Energy, ONGC, Tata Steel and Hindalco have gained 2% each at Rs 469, Rs 1,214, Rs 522 and Rs 166, respectively.

Gujarat Ambuja, Satyam, Grasim, HDFC Bank, ITC and Reliance Communications have declined over 1% each to Rs 107, Rs 777, Rs 2,185, Rs 838, Rs 179 and Rs 282, respectively.

Dr.Reddy's has moved up 1.5% to Rs 1,474. Tata Motors and HDFC are up 1% each at Rs 826 and Rs 1,298, respectively.

The market breadth is fairly negative - out of 2,099 stocks traded so far, 1,514 have declined, 545 have advanced and the rest are unchanged.