Sensex drops 106pts

The Sensex is down 106 points at 8,381.

ONGC has declined over 2% (Rs 21) to Rs 1,018. Reliance has also slipped 2% (Rs 17) to Rs 766. HLL has dropped 3% (Rs 5) to Rs 166. ITC is up Rs 2 at Rs 142.

Infosys has slipped Rs 18 to Rs 2,447. Satyam, TCS and Wipro are also trading with losses.

ICICI Bank is down Rs 9 at Rs 567. HDFC Bank and HDFC are also weak.

Maruti has added Rs 6 to Rs 562.