Sensex slumps 618pts; ACC plunges 7%

The Sensex is now down 618 points at 14,933.

ACC has slumped 7.3% to Rs 983. HDFC Bank has plunged 5.5% to Rs 1,132.

Reliance Energy, HDFC, Hindalco, Tata Motors and Mahindra & Mahindra have tumbled around 5% each to Rs 752, Rs 1,916, Rs 162, Rs 665 and Rs 694, respectively.

Ranbaxy, Reliance Communications, Bharti Airtel, Tata Steel, Reliance, Larsen & Toubro, SBI and BHEL have dropped around 4% each.

BHEL, ICICI Bank, TCS and Cipla are the other major losers.

Out of 2,595 stocks traded so far, 1,994 have declined, 551 have advanced and 50 are unchanged.