The NSE Nifty is down 16 points at 4,175.
HDFC and Infosys have plunged over 4% each to Rs 2,172 and Rs 1,719, respectively.
ICICI Bank and HDFC Bank have shed around 3% each at Rs 684 and Rs 1,030, respectively.
Satyam, Tata Motors and DLF have dropped nearly 2.5% each to Rs 443, Rs 470 and Rs 430, respectively.
SBI and ITC have slipped over 2% each to Rs 1,186 and Rs 187, respectively.
ONGC and Ranbaxy have gained around 1.5% each at Rs 868 and Rs 532, respectively.
