Sensex down 370pts, Reliance down 3%

The Sensex is now down 370 points at 16,308.

Infosys is still down 3% at Rs 1,428. ICICI Bank is down 5% at Rs 970.

L&T has declined 4% to Rs 3,220. Reliance has slipped 3% to Rs 2,237.

HDFC is up nearly 4% at Rs 2,669. Hindalco and Maruti are trading with gains.