The Sensex is now down 365 points at 14,773.All index stocks are in negative zone.ICICI Bank and HDFC Bank have plunged 3.8% each to Rs 881 and Rs 1,110, respectively.Hindalco, Grasim and Tata Steel have shed around 3.5% each to Rs 157, Rs 2,861 and Rs 630, respectively.ACC, Reliance Communications, BHEL, HDFC, Maruti, Wipro, Bajaj Auto, Satyam, Larsen & Toubro and Mahindra & Mahindra have slipped around 3% each.NTPC, Bharti Airtel, Infosys, Reliance and ONGC are the other major losers.