Sensex down 66pts; ICICI Bank drops 3%

The Sensex opened nine points higher at 9383, and moved further up to touch a high of 9398. However, the index then slipped into the negative zone to a low of 9287. The index is now down 66 points at 9308.

Reliance Energy and Ranbaxy are up over 1% each at Rs 602 and Rs 389, respectively.

ICICI Bank declined nearly 3% to Rs 568. Reliance, Tata Steel, Grasim, NTPC and ITC are down 1-2% each.