Sensex still down 373pts, SBI drops 5%

The Sensex is still down 373 points (2.6%) at 14,054.

SBI has dropped 5% to Rs 1,473. ICICI Bank has declined nearly 5% to Rs 829.

Reliance is still down nearly 2% at Rs 1,753.

Some buying has happened in Wipro, which is now down 4% at Rs 449.

RCom is now down 5% at Rs 484.

Reliance Energy, M&M and TCS are trading with losses of over 3% each.

Breadth continues to be negative - out of 2,728 scrips traded till now, 2,173 have declined.