Sensex down 370pts, ONGC drops 3%

Buying is emerging at lower levels, and the Sensex is now down 371 points at 14,729.

Bharti is still down over 4% at Rs 832. RCom is still down 3.6% at Rs 517.

HDFC has dropped 4% to Rs 1,935.

ONGC has declined over 3% to Rs 838.

ICICI Bank and SBI continue to be down over 3% each at Rs 859 and Rs 1,600, respectively.

Reliance is still down 2.6% at Rs 1,794. Hindalco, Tata Steel, HDFC Bank and BHEL are also weak.

Market breadth continues to be bearish - out of 2,463 scrips traded till now, 1,816 have declined.