The Sensex is now down 480 points at 18,428.ONGC has slumped 5.5% to Rs 1,171. HDFC Bank, BHEL and Mahindra & Mahindra have plunged around 5% each to Rs 1,458, Rs 2,636 and Rs 708, respectively.Infosys and Tata Steel have shed 4.5% each to Rs 1,628 and Rs 798, respectively. ICICI Bank has slipped over 4% to Rs 1,095. Reliance Communications has slipped 3.6% to Rs 684. Reliance Energy and Reliance have declined 3.3% each to Rs 1,775 and Rs 2,645, respectively.ITC has soared 3% to Rs 174. Hindustan Unilever and Hindalco have gained 1.5% each at Rs 196 and Rs 205, respectively.Out of 2,635 stocks traded so far, 1,863 have declined, 719 have advanced and 53 are unchanged.