Sensex drops over 400pts; breadth stays -ve

The Sensex has dropped 413 points to 14,014.

SBI is still down over 5% at Rs 1,472. ICICI Bank has declined nearly 5% to Rs 830.

Infosys has slipped over 3% to Rs 1,771. TCS is also down over 3% at Rs 1,020.

Reliance is still down nearly 2% at Rs 1,753.

Some buying has happened in Wipro, which is now down 4% at Rs 449. RCom is now down 5% at Rs 483.

Reliance Energy, M&M and Tata Steel are trading with losses of over 3% each.

Breadth continues to be negative - out of 2,730 scrips traded till now, 2,205 have declined.