The NSE Nifty is down 109 points at 4,324.
ICICI Bank has slumped 9% to Rs 661. HDFC Bank has tumbled 7.7% to Rs 1,121, and HDFC Bank has plunged 7.3% to Rs 2,183.
Reliance has dropped 7% to Rs 2,144. Jaiprakash Assocaites and Reliance Infrastructure have shed 4% each at Rs 164 and Rs 986, respectively.
Tata Motors has slipped 3.3% to Rs 425. ONGC, DLF and Ambuja Cements have declined 3% each to Rs 997, Rs 492 and Rs 81, respectively.
More From This Section
Grasim, SBI and Larsen & Toubro are down 2.7% each at Rs 1,780, Rs 1,439 and Rs 2,641, respectively.
Maruti and Tata Steel have dropped 2% each to Rs 606 and Rs 618, respectively.
Ranbaxy has surged 3.8% to Rs 485. Hindustan Unilever has advanced 1.5% to Rs 231.
Bharti Airtel and Satyam are up 1% each at Rs 807 and Rs 374, respectively.
Out of 2,442 stocks traded so far, 1,449 have declined, 915 have advanced and 78 are unchanged.