The Sensex is now down 103 points at 15,109.
ICICI Bank has dropped 3% to Rs 716, and HDFC Bank has shed 2.7% at Rs 1,230.
DLF has slipped nearly 2% to Rs 557, and Hindalco has declined 1.7% to Rs 140.
Tata Power, Reliance Communications and Maruti are down 1.3% each at Rs 1,024, Rs 442 and Rs 670, respectively.
Sterlite has gained 2.5% at Rs 611. Infosys has advanced 1.5% to Rs 1,628, and Satyam has added 1% to Rs 407.
The market breadth is marginally negative - out of 2,618 stocks traded so far, 1,281 have declined, 1,230 have adanced and the rest are unchanged.