The Sensex is now down 346 points at 14,793.All index stocks are in negative zone.Hindalco has shed 3.6% to Rs 157. ICICI Bank, Wipro, Reliance Energy and BHEL have plunged 3% each to Rs 887, Rs 456, Rs 731 and Rs 1,670, respectively.Reliance Communications, HDFC Bank and Tata Steel have dropped 2.7% each to Rs 532, Rs 1,121 and Rs 634, respectively.Grasim, ACC, Larsen & Toubro, Mahindra & Mahindra, Maruti, Ambuja Cements and Satyam have slipped around 2.5% each to Rs 2,885, Rs 978, Rs 2,458, Rs 662, Rs 830, Rs 126 and Rs 461, respectively.Infosys, ONGC, Reliance and HDFC are down around 2% each to Rs 1,877, Rs 867, Rs 1,766 and Rs 1,951, respectively.