The Sensex has slipped further and is now at 16,623, down 220 points.
The NSE Nifty is at 4,938, down 63 points.
Bharti Airtel has added 4% to Rs 348 and Reliance Communications advanced 2% to Rs 252.
Tata Motors has tumbled 6% to Rs 554. SBI and Wipro have slipped over 2.5% each to Rs 2,054 and Rs 551, respectively.
Grasim Industries, ICICI Bank, TCS, HDFC and Sterlite have declined around 2% each.
The market breadth has turned negative, out of 2,759 shares traded, 1,564 has declined and 1,107 have advanced so far on the BSE.