Sensex down 208pts; Tata Steel drops 5%

The Sensex is now down 208 points at 9602.

Tata Steel has dropped 5% to Rs 434. HDFC and Grasim have shed 4.4% each to Rs 1,155 and Rs 1,698, respectively.

ICICI Bank and RCoVL have declined 4% each to Rs 480 and Rs 212, respectively.

Dr.Reddy's has gained 3% at Rs 1,253.

Out of 2,363 stocks traded so far, 1,419 have declined, 893 have advanced and 51 are unchanged.