The Sensex is now down 657 points at 16,922.The NSE Nifty is down 205 points at 5,018.HDFC has slumped 7.5% to Rs 2,591, and BHEL has tumbled over 7% to Rs 2,120.SBI, DLF and ICICI Bank have plunged 6% each to Rs 1,984, Rs 735 and Rs 1,027, respectively.NTPC has dropped nearly 5% to Rs 192. Bharti Airtel and Reliance have shed 4.5% each at Rs 791 and Rs 2,346, respectively.ITC has slipped 4% to Rs 194. HDFC Bank and Reliance Communications are down 3.7% each to Rs 1,400 and Rs 554, respectively.Maruti has soared 4% to Rs 902. Hindustan Unilever has surged 3.8% to Rs 236.Ranbaxy has rallied 3.5% to Rs 462, and Cipla have gained nearly 3% at Rs 213.Out of 2,703 stocks traded so far, 2,166 have declined, 488 have advanced and 49 are unchanged.