Sensex has plunged and has touched a new low of 13,581. The index is now down 380points at 13,532.
Reliance Communication and Ranbaxy slumped 8% to Rs 296 and Rs 245, respectively.
NTPC and Tata Motors have dropped over 5% to Rs 201 and Rs 329, respectively.
DLF, ICICI Bank and Bharti Airtel have declined over 4.5% each to Rs 335, Rs 671 and Rs 775, respectively.
Jaiprakash Associates, Larsen & Toubro have slipped over 3.5% each to Rs 178 and Rs 1,256, respectively.
ITC ,ONGC, Mahindra & Mahindra , Tata Power and Tata Steel are the other major losers so far.
Infosys has added 3% at Rs 1,533 and Wipro is up over 2% at Rs 375.
The market breadth has turned negative, out of 2,783 shares traded, 1,440 have declined and 1,308 have advanced so far on the BSE.