Sensex down 50pts

The Sensex is now down 50 points at 10,880.

HLL and Grasim have advanced nearly 2% each to Rs 242 and Rs 2,032, respectively.

Bharti Airtel and Hero Honda have declined over 2% to Rs 374 and Rs 710, respectively. Wipro and Reliance are down 1.6% each at Rs 508 and Rs 1,080, respectively.

The market breadth is still positive - out of 2,248 stocks traded so far, 1,203 have advanced, 963 have declined and the rest are unchanged.