Sensex down 56pts; Tata Steel slips 2%

The Sensex is now down 56 points at 19,729.

ITC has zoomed 5% to Rs 199. Grasim has surged 3.5% to Rs 3,745.

Dr.Reddy's has soared 2.3% to Rs 614. Mahindra & Mahindra has rallied 1.7% to Rs 731.

Bharti Airtel has advanced 1.3% to Rs 912, and ACC has added 1% to Rs 1,055.

Ranbaxy has shed 2.3% at Rs 414. Tata Steel has slipped over 2% to Rs 842.

Larsen & Toubro and Satyam have shed 1.4% each at Rs 4,441 and Rs 423, respectively.

Hindalco and Infosys have declined 1.2% each to Rs 213 and Rs 1,633, respectively.

ICICI Bank, Reliance Communications and SBI are the other prominent losers.

Out of 2,805 stocks traded so far, 2,034 have advanced, 720 have declined and 51 are unchanged.