Sensex drops 38pts; ITC, Reliance down 2%

The Sensex has dropped 38 points to 8,156.

Infosys is still down Rs 22 at Rs 2,425. TCS has dropped 1.6% (Rs 22) to Rs 1,396.

ITC is down over 2% (Rs 38) at Rs 1,854. Reliance has declined 2% (Rs 13) to Rs 739. SBI is now up Rs 8 at Rs 889.

Grasim is still down Rs 21 at Rs 1,334.

HDFC is up 2.7% (Rs 26) at Rs 986. Hindalco is still up Rs 4 at Rs 150.