Sensex down 38pts; Dr.Reddy's surges 3%

The Sensex is now down 38 points at 14,093.

Dr.Reddy's has rallied 2.5% to Rs 627. Maruti has surged 1.7% to Rs 732, and Tata Motors has gained 1.4% at Rs 651.

ONGC and ICICI Bank are the other major gainers.

ACC has shed 1.7% to Rs 794. Grasim and HDFC have slipped 1.3% each to Rs 2,353 and Rs 1,758, respectivley.

ITC and HDFC Bank are down 1% each at Rs 152 and Rs 1,077, respectively.