The Sensex is now down 119 points at 14,420.Hindalco has plunged 8.5% to Rs 159. Reliance Communications has dropped nearly 4% to Rs 458.Reliance Energy has shed 1.7% to Rs 546. ICICI Bank, ACC and SBI have declined around 1.5% each to Rs 978, Rs 1,021 and Rs 1,182, respectively.HDFC Bank, NTPC, Bajaj Auto and Dr.Reddy's are down over 1%each. Bharti Airtel has spurted over 1% to Rs 762.