Sensex drops 376pts, Wipro down 6%

The Sensex is now down 376 points (2.6%) at 14,051.

Wipro has slipped nearly 6% to Rs 442.

RCom has dropped 6% to Rs 479.

SBI has declined nearly 5% to Rs 1,479.

ICICI Bank has slipped over 4% to Rs 837.  Reliance is down nearly 2% at Rs 1,755.

Breadth has turned extremely negative - out of 2,674 scrips traded, 2,029 have declined.