The Nifty is trading 116 points lower at 4384.
Ranbaxy has gained 5.1% to Rs 526, Cipla is up1.7% at Rs 206. Reliance has gained 0.4% to Rs 2,163.
Bhel has advanced 0.3% to Rs 1,374. M&M and HUL have advanced less than half per cent.
ONGC is down 7.1% to Rs 872. HDFC has declined 6.1% to Rs 2,206. HDFC Bank is down 5.2% to Rs 1,183.
ICICI Bank and TCS have declined 4.5% to Rs 750 and Rs 915, respectively. Infosys, Satyam, Reliance Infra, ITC, Jaiprakash Associates, RCom and Wipro are the other losers.
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