Sensex down 394pts; all index stocks in red

The Sensex is now down 394 points at 15,157.

All index stocks are in negative zone.

SBI has plunged 3.3% to Rs 1,570. Reliance Communications has shed 3.5% to Rs 545.

Larsen & Toubro, Satyam and Tata Motors tumbled around 2% each to Rs 2,550, Rs 473 and Rs 685, respectively.

Bajaj Auto, ICICI Bank, Hindalco, Reliance Energy and ACC are the other major losers.