The Sensex has extended losses and touched a new low of 13,848, down 213 points. The index has recovered partially and is now down 135 points at 13,926.
Maruti Suzuki has slumped 6% to Rs 978. Larsen & Toubro has shed 5% at Rs 1,293.
Mahindra & Mahindra and ICICI Bank have dropped 3.5% each to Rs 653 and Rs 683, respectively.
SBI, HDFC, ACC, Wipro, Sun Pharma, ITC, BHEL and HDFC bank have declined 1-3% each.
Meanwhile, Reliance Communications has gained 3.5% at Rs 319. Jaiprakash Associates and Sterlite have advanced 2% each to Rs 177 and Rs 556, respectively.
Ranbaxy, Tata Steel and NTPC have added 1.55 each. ONGC, Tata Motors and Tata Power have moved up marginally.
The market breadth is extremely postive. Out of 2,307 stocks traded, 1,960 have advanced while only 308 have declined.