The Sensex finally ended (provisional) at 14,270, down 252 points.
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Updated at 1509Hrs:
The Sensex, after a brief recovery, slipped back and is now at 14,356, down 165 points.
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(Updated at 1436 hrs)
The index is now down 180 points at 14,341.
The BSE Oil & Gas index is down 2.5% at 9,139.
Mahindra & Mahindra has shed 4.5% to Rs 705.
Reliance, Tata Power, Ranbaxy and Tata Motors have dropped over 3% each to Rs 1,966, Rs 1,126, Rs 271 and Rs 335, respectively.
Reliance Infrastructure, NTPC, Hindalco and TCS are down over 2.5% each.
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ICICI Bank has gained 3% at Rs 736. ITC is up 1% at Rs 202.
The market breadth has turned negative - out of 2,578 shares traded, 1,407 have declined and 1,109 have advanced so far on the BSE.