Sensex down 434pts, Reliance slips 3%

The Sensex is now down 434 points at 15,342.

BHEL is now down 5% at Rs 1,664. Tata Steel is down 5% at Rs 667.

HDFC Bank has dropped 5% to Rs 1,158. SBI has dropped nearly 4% to Rs 1,495. ICICI Bank has slipped 2.6% to Rs 921.

Reliance has declined nearly 3% to Rs 1,885. Hindustan Unilever, ONGC, Bajaj and M&M are also trading weak.