Sensex down 46pts in early trades

The Sensex is now down 46 points at 11,927.

The index has now slipped into the negative zone and is now down 7 points at 11,966.

HDFC Bank has advanced over 1% to Rs 875. Grasim and Satyam are up around 0.5% each.

Hindalco, Tata Steel, TCS and Bajaj Auto are the prominent losers.