Sensex down over 200pts; Ranbaxy slumps 11%

The Sensex is now down 215 points at 8,231. Relentless selling in banking, FMCG and energy shares continue to weigh on the market sentiment.

Ranbaxy has slumped over 11% to Rs 635. Tata Power has tumbled nearly 6% to Rs 635.

ICICI Bank has plunged over 5% to Rs 270. Hindustan Unilever has shed nearly 5% at Rs 229.

Reliance has dropped 4% to Rs 1,162. ITC, NTPC, HDFC Bank and Bharti Airtel have slipped nearly 4% each to Rs 167, Rs 173, Rs 807 and Rs 578, respectively.

Reliance Infrastructure and ITC have declined around 3% each to Rs 442 and Rs 152, respectively.

DLF, SBI and Tata Motors are down around 2.5% each to Rs 144, Rs 935 and Rs 140, respectively.

Sun Pharma has surged 3.3% to Rs 1,009. TCS is up 1% at Rs 466.

The market breadth is fairly negative - out of 2,304 stocks traded so far, 1,533 have declined, 666 have advanced and the rest are unchanged.