The NSE Nifty is down 94 points at 4,340.
ICICI Bank has slumped 8.8% to Rs 663. HDFC and HDFC Bank have tumbled over 7% each to Rs 2,190 and Rs 1,128, respectively.
Reliance has plunged 5.5% to Rs 2,181. Jaiprakash Assocaites and Reliance Infrastructure have dropped around 4% each to Rs 164 and Rs 987, respectively.
DLF has shed 3.5% at Rs 490. Tata Motors has slipped 2.8% to Rs 428.
SBI and ONGC have declined 2.5% each to Rs 1,441 and Rs 1,002, respectively.
Ambuja Cements and Larsen & Toubro are down 2.3% each at Rs 81 and Rs 2,649, respectively. Maruti has dropped 2% to Rs 606.
Satyam has moved up 1.7% to Rs 375. Hindustan Unilever and Bharti Airtel have gained 1.3% each at Rs 231 and Rs 808, respectively.
Out of 2,284 stocks traded so far, 1,403 have declined, 821 have advanced and 60 are unchanged.
