well at that budget u aint gettin a good sennheiser even hd 101 sucks trust me i tried it it worse than stock
i do happen to have few options though
1- skullcandy inkd 2 retail price at 1125 rs
2- if u are not so obsessed with in ear headphones i would say try skull candy uprock beautiful sound clarity and bass retail price is about 1760 rs a bit off but worth it actually
3-there are few sony headsets like sony mdr ex220 or ex360 depesnding on ur taste of bass and treble.....
4-if ur not brand conscious go for teckfusion twinwoofers ear phones read some good reviews at flipkart.com but try at ypur own risk...
if this helped hit the thanks button