Sensex down 85pts; cement stocks crumble

The Sensex is now down 85 points at 15,710.

Ambuja Cements has plunged over 5% to Rs 127. ACC has shed 3% to Rs 1,083. Grasim is down 2% at Rs 2,960.

HDFC Bank has slipped 2.6% to Rs 1,218, and Cipla has dropped 1.7% to Rs 185.