Selling continues... Sensex down over 500pts

The Sensex continues to drift deeper into red owing to unabated selling in index frontliners. The index is now down 512 points at 12,014.

Tata Power has slumped 10.5% to Rs 796. Jaiprakash Associates and Sterlite have plunged 10% each to Rs 104 and Rs 357, respectively.

Tata Steel and DLF have tumbled 8.7% each to Rs 359 and Rs 307, respectively.

Reliance Infrastructure and Reliance Communications have shed around 6.5% each at Rs 692 and Rs 312, respectively.

BHEL has dropped over 6% to Rs 1,470. TCS and Infosys have slipped around 5% each to Rs 623 and Rs 1,322, respectively.

Larsen & Toubro, Satyam and ACC have declined around 4.5% each to Rs 1,104, Rs 300 and Rs 598, respectively.

Grasim has declined over 4% to Rs 1,685. ICICI Bank and Wipro are down 3.7% each at Rs 486 and Rs 329, respectively.

The market breadth is fairly negative - out of 2,241 stocks traded so far, 1,908 have declined, 297 have advanced and 36 are unchanged.