The Sensex has slipped further into the red and is now down 151 points at 11,717.
The Realty index has plunged over 5% to 2,234.
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(Updated at 1228 hrs)
The Sensex after moving sideways has now extended losses and is now down 71 points at 11,805. Earlier in the day it touched a high of 12,027.
Realty stocks are the major draggers.
Tata Motors has slipped over 3.5% to Rs 258. DLF and HDFC have declined 3% each to Rs 233 and Rs 1,690, respectively.
Ranbaxy, Hindustan Unilever and Jaiprakash Associates have dropped over 2% to Rs 174, Rs 228 and Rs 139, respectively.
On the other hand, ICICI Bank has advanced over 3% to Rs 537.
The market breadth is negative- out of 2,286 shares traded, 1,221 have advanced and 968 have declined.
