Whether you are drilling or hacksawing stainless you need to make sure that you are always removing material or it work hardens and become all but impossible to penetrate. Start with a good sharp bit. Drill a pilot hole first. (The smaller drill means the force you put on it is on a smaller area so the force per area under the bit is higher so its keeps cutting). Lubricate the bit, that will ensure it does not overheat, get blunt and work harden the steel. Back off and add oil if it starts to smoke. Use a low speed so you don't overheat it so easily. The stainless will then dirll like butter.