The Sensex opened with a negative gap of 146 points at 9,902, and has since extended losses. The index is now down 252 points at 9,796.
ICICI Bank has slumped nearly 6% to Rs 363.
Jaiprakash Associates, Sterlite and Tata Steel have shed 4.7% each at Rs 85, Rs 356 and Rs 213, respectively.
Reliance Infrastructure has plunged 4.5% to Rs 542. Reliance Communications has tumbled over 4% to Rs 176.
DLF, HDFC Bank and Infosys have dropped nearly 4% each to Rs 175, Rs 958 and Rs 1,297, respectively.
Tata Motors and TCS have slipped 3.5% around at Rs 182 and Rs 556, respectively.
HDFC and SBI are down around 3% each at Rs 1,539 and Rs 1,090, respectively.
Sun Pharma, however, has gained nearly 2% at Rs 1,100.
