The NSE Nifty is down 160 points at 4149.
Tata Steel is the only gainer in the Sensex today.It has gained 1.2% at Rs 766.
Mahindra & Mahindra and ICICI Bank have dipped 7% Rs 505 and Rs 647, respectively.
Wipro is down 6.9% to Rs 440. Reliance Infra and Tata Motors have declined 6% each to Rs 881 and Rs 454, respectively.
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Jaiprakash Associates, Ambuja Cements, HDFC Bank, HDFC, Bharti Airtel, RCom, L&T, BHEL and ONGC are the other losers.