Sensex drops 86pts, ITC down 2%

The Sensex has declined 86 points to 12,151.

Bajaj is down 2% at Rs 2860. ITC has slipped 2% to Rs 184. HLL, Infosys and ONGC are also trading with losses.

L&T is down Rs 52 at Rs 2605. Grasim, HDFC and ACC are also weak.

Reliance is still up Rs 7 at Rs 1,162.  BHEL is up Rs 12 at Rs 2324.