Sensex down nearly 300pts, Infosys drops 3%

The Sensex has dropped nearly 300 points to 16,385.

ICICI Bank has declined over 6% to Rs 963.

Infosys has dropped nearly 3% to Rs 1,429. L&T is still down over 3% at Rs 3,230. Reliance has slipped 2% to Rs 2,264. RCom is down 4% at Rs 518.

ACC is still down over 5% at Rs 744. HDFC Bank and Bharti continue to be weak.

HDFC is still up 2.7% at Rs 2,642. Maruti is still up 3.5% at Rs 905.