Sensex down 533pts; Tata Steel slumps 7%

The Sensex is now down 533 points at 14,467.

All index stocks are in negative zone.

Tata Steel has slumped 6.5% to Rs 600. ICICI Bank and Bharti Airtel have plunged over 6% each to Rs 824 and Rs 807, respectively.

BHEL and ONGC have tumbled 4.5% each to Rs 1,610 and Rs 816, respectively.

SBI, HDFC Bank, Larsen & Toubro, Reliance and Reliance Communications have slipped around 4% each to Rs 1,547, Rs 1,100, Rs 2,323, Rs 1,759 and Rs 504, respectively.