The Sensex is now down 195 points at 11,724.Hindalco has plunged 3.7% to Rs 177, and Tata Steel has dropped 3.2% to Rs 508.HLL and Tata Motors have shed 3% each to Rs 234 and Rs 873, respectively.Cipla, Reliance Energy, BHEL, HDFC Bank, TCS and Gujarat Ambuja are the other major losers.Hero Honda has advanced 2.5% to Rs 754.Out of 2,502 stocks traded so far, 1,664 have declined, 767 have advanced and the rest are unchanged.