The NSE Nifty is down 61 points at 4,271.
ICICI Bank has plunged nearly 4% to Rs 638.
Tata Motors, Reliance Communications (RCom) and Reliance Infrastructure have dropped over 3% each to Rs 412, Rs 497 and Rs 957, respectively.
SBI, HDFC, Larsen & Toubro and Ranbaxy have shed nearly 3% each at Rs 1,378, Rs 2,160, Rs 2,650 and Rs 480, respectively.
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Jaiprakash Associates has slipped 2.5% to Rs 158. DLF and Bharti Airtel have declined over 2% each to Rs 488 and Rs 779, respectively.
ACC, Grasim and HDFC Bank are down nearly 2% each to Rs 582, Rs 1,782 and Rs 1,106, respectively.
Hindalco, Maruti and NTPC are down 1.7% each at Rs 144, Rs 600 and Rs 182, respectively.
Sterlite has gained 2% at Rs 594.