Sensex down 362pts; all index stocks in red

The Sensex is now down 362 points to 12,710.

All index stocks are in negative zone.

Tata Motors and Bajaj Auto have tumbled over 6% each to Rs 681 and Rs 2,275, respectively. SBI has plunged 5.7% to Rs 936.

Maruti, ICICI Bank and ONGC have have slumped around 5% each to Rs 777, Rs 810 and Rs 835, respectively.

Larsen & Toubro and Satyam have shed over 4% each to Rs 1,550 and Rs 450, respectively.

Hero Honda and HDFC Bank are down around 3.5% each to Rs 660 and Rs 916, respectively.

Out of 1,818 stocks traded so far, 1,293 have declined, 484 have advanced and 41 are unchanged.