Sensex down 55pts; Tata Steel, ONGC weak

The Sensex is now down 55 points at 11,411.

Tata Steel and ONGC have dropped 1.5% each to Rs 505 and Rs 1,193, respectively.

Hero Honda, SBI, TCS, Wipro, Dr.Reddy's, Bharti Airtel, HDFC and ITC are down around 1% each.

Cipla has spurted over 1% to Rs 252.

The market breadth is positive - out of 1,807 stocks traded so far, 1,073 have advanced, 685 have declined and the rest are unchanged.