The NSE Nifty is down 151 points at 4165.
There are no gainers in Sensex at present.
Wipro has plunged 6.9% Rs 440. Reliance Infra and Mahindra & Mahindra are down 6.6% each to Rs 881 and Rs 505, respectively.
ICICI Bank and Ambuja Cements have lost around 6.1% each to Rs 643 and Rs 80, respectively.
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Jaiprakash Associates is down 5.8% at Rs 141.
Tata Motors, HDFC, RCom, Bharti Airtel, DLF, ONGC, and L&T are the other losers.