Sensex down 55pts

The Sensex is now down 55 points at 8,067.

ONGC has slipped 3% (Rs 30) to Rs 952. While ITC is down Rs 2 at Rs 123, HLL is down Rs 2 at Rs 172. Reliance is down Rs 3 at Rs 754.

Infosys has lost Rs 22 to Rs 2,509. TCS has slipped Rs 7 to Rs 1,432.

Dr. Reddy's has dropped 3% (Rs 25) to Rs 830. Cipla and Ranbaxy are also trading with losses.

Hero Honda has declined over 3% (Rs 23) to Rs 694.