Sensex drops below 14,000, Reliance down 3%

The Sensex is now down 431 points (3%) at 13,996.

 Reliance is down nearly 3% at Rs 1,738.

Wipro has slipped nearly 6% to Rs 441. RCom has dropped 6% to Rs 476.

SBI has declined nearly 5% to Rs 1,480. ICICI Bank has slipped over 4% to Rs 830.