Sensex down 56pts; Hero, Rel Comm shine

The Sensex is now down 56 points at 11,862.

Hero Honda and Reliance Communications has surged 2% each to Rs 751 and Rs 323, respectively.

Dr.Reddy's and Satyam are up over 1% each at Rs 748 and Rs 806, respectively.

Hindalco has dropped 2.7% to Rs 179. Tata Steel and Reliance Energy have slipped 2% each to Rs 515 and Rs 479, respectively.

HLL and Bharti Airtel have slipped around 1.5% each at Rs 238 and Rs 424, respectively.

HDFC Bank, Grasim and Tata Motors are down 1% each to Rs 841, Rs 2,311 and Rs 889, respectively.