The Sensex is now down 203 points at 8,752.
Reliance Infrastructure has slumped 5.5% to Rs 481. ACC and Mahindra & Mahindra have plunged 5% each to Rs 532 and Rs 305, respectively.
Wipro and ONGC have tumbled around 4.5% each to Rs 206 and Rs 684, respectively.
Maruti and Sterlite have dropped over 4% each to Rs 667 and Rs 243, respectively. Bharti Airtel has shed nearly 4% at Rs 627.
TCS and Reliance Communications have slipped 3.5% each to Rs 465 and Rs 153, respectively.
ICICI Bank, Grasim and Tata Steel have declined over 3% each to Rs 314, Rs 1,412 and Rs 158, respectively.
Reliance, Tata Power, Jaiprakash Associates and Ranbaxy are down nearly 3% each.
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HDFC, however, has surged 3% to Rs 1,247.
The market breadth is fairly negative - out of 2,179 stocks traded, 1,361 declined, 731 advanced and the rest were unchanged.