Sensex down 89pts; Tata Steel up 1.33%

Jaiprakash Associates has declined 2.9% to Rs 262. Reliance Infra is down 2.5% at Rs 1,424, Bhel is trading 2.3% lower at Rs1,753. Bharti Airtel and Hindalco are down 2% at Rs 834 and Rs 199 respectively.

M&M, SBI, , HDFC Bank Wipro and ICICI Bank are the other major losers.