The Sensex opened 92 points lower at 9,213, and touched a low of 9,079 in morning trades. The index is now down 208 points at 9,098.
DLF has slumped 6.5% to Rs 146. Mahindra & Mahindra has tumbled nearly 5% to Rs 299, and Tata Steel has shed 4% at Rs 177.
Wipro and ICICI Bank have plunged nearly 4% each to Rs 208 and Rs 394, respectively.
Infosys and HDFC Bank have dropped 2.5% each to Rs 1,178 and Rs 882, respectively.
TCS, Hindalco, Reliance Communications and Maruti have slipped around 3.3% each to Rs 484, Rs 43, Rs 166 and Rs 601, respectively.
Tata Power and Reliance Infrastructure have declined 3% each to Rs 752 and Rs 517, respectively.
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HDFC and Jaiprakash Associates are down nearly 3% each to Rs 1,456 and Rs 68, respectively.
Grasim, Reliance and SBI are down around 2.5% each at Rs 1,316, Rs 1,287 and Rs 1,109, respectively.
The market breadth is very negative - out of 2,045 stocks traded so far, 1,437 declined, 534 advanced and the rest were unchanged.