The Sensex ends (provisional) at 14,036, down 877 points.
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Updated at 1512 hrs:
The Sensex has touched a low of 13,959 and the index is now at 14,055, down 857 points.
The BSE Bankex has slumped 8%, followed by Realty (7.16%) and Capital Goods (8.87%).
Reliance Infrastructure has nose dived over 13% to Rs 1,119.
ICICI Bank has plunged 10% to Rs 679.
Tata Steel, Larsen & Toubro, Jaiprakash Associates, SBI and HDFC have tumbled over 9.5% each to Rs 396, Rs 1,450, Rs 194, Rs 1,639 and Rs 2,307, respectively.
Reliance Communications, Tata Power, DLF, Reliance and HDFC Bank have slipped 7-8.5% each.
Only, ITC has added around 3% to Rs 196.
The market breadth is extremely negative- out of 2,593 shares traded, 1,999 have declined and 535 have advanced so far on the BSE.