Sensex drops 78pts

The Sensex has declined 78 points to 8,451.

Reliance has declined Rs 10 to Rs 781, and SBI is down Rs 12 at Rs 913.

While HLL is up Rs 2 at Rs 177, ITC is down a rupee at Rs 127.

Infosys has declined Rs 29 to Rs 2,587. TCS is up Rs 6 at 1,432.

Dr. Reddy's and Ranbaxy are trading with marginal gains. Tata Power and ONGC are also in positive zones.