Selling intensifies, Sensex slumps 179pts

Unabated selling in the market has dragged the Sensex to lower levels. The index is now down 179 points at 9778.

Ranbaxy has tumbled 6% to Rs 365. NTPC has declined over 4% to Rs 102.

SBI and ONGC are down 3.8% each at Rs 809 and Rs 1,001, respectively.

Out of 2,278 stocks traded so far, 2,070 have declined, 186 have advanced and 22 are unchanged.