Sensex drops 49pts, ONGC, Reliance down 2%

The Sensex has declined 49 points to 7,239.

Infosys has dropped Rs 12 to Rs 2,334. TCS is up Rs 11 at Rs 1,330. Wipro is also up Rs 8 at Rs 744.

ONGC has dropped over 2% (Rs 21) to Rs 954. Reliance is also down over 2% (Rs 15) to Rs 630. HLL, ITC and SBI are also trading with losses.

Auto, cement and pharma scrips are trading on a weak note.