The Sensex has recovered sharply from the day's low of 10,741, and is now down 445 points at 11,250.
Sterlite has slumped over 11% to Rs 278. Satyam and Wipro have plunged 9% each to Rs 254 and Rs 280, respectively.
ICICI Bank and Jaiprakash Associates have tumbled over 8% each to Rs 445 and Rs 93, respectively. Tata Steel has crashed 7.5% to Rs 331.
HDFC Bank has shed 6.6% at Rs 1,053. Reliance Infrastructure, Hindalco and TCS have slipped over 6% each to Rs 610, Rs 89 and Rs 540, respectively.
Reliance Communications has declined nearly 6% to Rs 283. ACC, Tata Motors and Reliance are down around 5% each.
Ranbaxy has rebounded into the positive zone and surged nearly 6% to Rs 271.
The market breadth is extremely negative - out of 2,406 stocks traded so far, 2,173 have declined, 201 have advanced and 32 are unchanged.
