The Sensex is now down 88 points at 14,209.
Hindalco is trading at Rs 125, down around 10%, on the back of ex-rights adjustment.
DLF has plunged 3.6% to Rs 461, and Larsen & Toubro has shed 2.4% at Rs 2,515.
Reliance Communications and Reliance Infrastructure have dropped 2% each to Rs 390 and Rs 947, respectively.
ICICI Bank, Reliance and BHEL have slipped over 1.5% each to Rs 638, Rs 2,114 and Rs 1,655, respectively.
HDFC Bank and Mahindra & Mahindra are down over 1% each at Rs 1,218 and Rs 569, respectively.
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Bharti Airtel has gained 1.5% at Rs 816.
ACC, Ranbaxy and Tata Motors are up around 1% each at Rs 565, Rs 517 and Rs 427, respectively.
Out of 2,518 stocks traded so far, 1,548 have declined, 867 have advanced and 103 are unchanged.