The Sensex has recovered partially and is now down 61 points at 9,557. Earlier in the day, the index opened 60 points lower at 9,559, touched a high of 9,574, and then slipped to a low of 9,487.
Ranbaxy has plunged nearly 3% to Rs 215. Infosys has shed 2.5% at Rs 1,270.
Jaiprakash Associates and Bharti Airtel have dropped over 2% each to Rs 75 and Rs 659, respectively.
ONGC, Maruti and Sterlite have also slipped 2% each to Rs 693, Rs 620 and Rs 269, respectively.
ICICI Bank has declined 1.6% to Rs 428. Reliance, Tata Steel and BHEL are down 1.3% each at Rs 1,365, Rs 188 and Rs 1,429, respectively.
DLF has surged over 4% to Rs 157. Mahindra & Mahindra has gained 2.5% at Rs 288.
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Reliance Infrastructure has moved up 2% to Rs 552. SBI and Reliance Communications are up over 1% each at Rs 1,172 and Rs 175, respectively.
The market breadth is fairly positive - out of 2,087 stocks traded so far, 1,272 have advanced, 725 have declined and the rest are unchanged.