The Sensex finally ended (provisional) at 14,774 - down 638 points. The Nifty ended (provisional) down 192 points at 4,388.
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(Updated at 1516 hrs)
The Sensex has slipped further to a low of 14,773. The index is now down 612 points to 14,800.
The Nifty is at 4,394 - down 186 points.
DLF has plunged 7.5% to Rs 365. Metal stocks Hindalco has tumbled 7.5% to Rs 100. Sterlite and Tata Steel have slipped 6.5% each to Rs 620 and Rs 440, respectively.
Tata Motors has slumped 6.7% to Rs 435. Jaiprakash Associates and ACC have dropped 6.3% each to Rs 203 and Rs 778, respectively.
Hero Honda, ITC, Reliance Communications, Reliance Infrastructure, ICICI Bank, Mahindra & Mahindra, SBI, Maruti Suzuki, ONGC, Reliance and Larsen & Toubro have shed 4-5% each.
Bharti Airtel, Sun Pharma, Wipro, Infosys, Hindustan Unilever, HDFC, TCS and Grasim are the other losers.
The market breadth is extremely negative. Out of 2,647 stocks traded 1,912 have declined while 649 have advanced.