The Sensex has recovered all its losses and now rebounded into the positive zone. The index is now up nine points at 9,654.
TCS and Tata Motors have slumped nearly 5% each to Rs 483 and Rs 153, respectively. Wipro has shed 4.5% at Rs 239.
Infosys and Sterlite have plunged over 3% each to Rs 1,100 and Rs 286, respectively.
Grasim and ONGC have slipped 2.3% each to Rs 1,057 and Rs 650, respectively.
ICICI Bank has dropped 2% to Rs 398. Satyam, NTPC and Bharti Airtel are down nearly 2% each to Rs 220, Rs 164 and Rs 729, respectively.
Reliance and Reliance Energy have rallied around 3% each to Rs 1,297 and Rs 621, respectively.
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Larsen & Toubro and Mahindra & Mahindra have gained 2% each to Rs 800 and Rs 292, respectively.
DLF has advanced 1.4% to Rs 260, and ACC is up 1% at Rs 495.
The market breadth is positive - out of 2,326 stocks traded so far, 1,328 have advanced, 914 have declined and 84 are unchanged.