Sensex drops 239pts; ICICI Bank declines 4%

The Sensex is now down 239 points at 9571.

Grasim, HDFC, Tata Steel and RCovL have slumped nearly 5% each to Rs 1,691, Rs 1,152, Rs 435 and Rs 211, respectively.

ICICI Bank has declined nearly 4% to Rs 481.HLL has dropped 3.5% to Rs 201.

Tata Motors, ITC and Bharti Airtel are down nearly 3% each at Rs 734, Rs 156 and Rs 327, respectively.

Dr.Reddy's has gained nearly 4% at Rs 1,262.

Out of 2,340 stocks traded so far, 1,395 have declined, 891 have advanced and the rest are unchanged.