The Sensex is now down 375 points at 14,288.
Reliance Infrastructure has slumped over 4% to Rs 992.
Reliance, DLF and ICICI Bank have plunged 3.8% each to Rs 2,003, Rs 483 and Rs 674, respectively.
Bharti Airtel has tumbled 3.7% to Rs 782, and Jaiprakash Associates has shed 3.3% at Rs 162.
ONGC and HDFC have slipped over 3% each to Rs 1,043 and Rs 2,247, respectively.
SBI has dropped nearly 3% to Rs 1,520. ITC has shed 2.7% at Rs 190.
Tata Power and Hindustan Unilever have declined 2.5% each to Rs 1,023 and Rs 245, respectively.
Hindalco and NTCP are down 2.3% each at Rs 122 and Rs 174, respectively.
Out of 2,532 stocks traded so far, 1,752 have declined, 688 have advanced and 82 are unchanged.
