Sensex down 366pts; all index stocks in red

The Sensex opened with a negative gap of 289 points at 12,694, and soon tumbled to a low of 12,518 - down 465 points from the previous close following heavy losses in other global markets.

The index is now down 366 points at 12,617.

All index stocks are in negative zone.

ACC plunged 5% to Rs 712. Gujarat Ambuja, ICICI Bank and Satyam shed 3.7% each to Rs 102, Rs 845 and Rs 436, respectively.

HDFC Bank, Tata Motors, Reliance Communications, Bharti Airtel, Tata Steel and Wipro have dropped around 3% each to Rs 930, Rs 750, Rs 404, Rs 742, Rs 432 and Rs 565, respectively.