The NSE Nifty is down 39 points at 5,097.
Satyam, TCS and Infosys have plunged around 4% each to Rs 469, Rs 927 and Rs 1,770, respectively. Wipro has dropped 3.4% to Rs 482.
ITC has slumped 4.3% to Rs 217. ICICI Bank has tumbled 2.5% to Rs 897.
Larsen & Toubro, Jaiprakash Associates and Tata Motors have slipped over 2% each to Rs 2,920, Rs 269 and Rs 665, respectively.
HDFC Bank has declined nearly 2% to Rs 1,515, and Reliance Energy has dropped 1.5% to Rs 1,413.
SBI and Maruti are down 1% each at Rs 1,750 and Rs 767, respectively.
Bharti Airtel and Reliance Communications (RCom) have mvoed up around 1.5% each to Rs 829 and Rs 548, respectively.
ACC is up over 1% at Rs 745.
