The Sensex opened with a negative gap of 487 points at 9,683. The index is now down 442 points at 9,728.
Tata Steel has slumped 7.7% to Rs 226, and ICICI Bank has plunged 7.5% to Rs 367. Hindalco has crashed 6.5% to Rs 57.
Bharti Airtel, Jaiprakash Associates and Reliance have tumbled around 6% each to Rs 627, Rs 68 and Rs 1,240, respectively.
TCS and Mahindra & Mahindra have shed 5.5% each at Rs 516 and Rs 359, respectively.
Sterlite and Satyam have slipped 5.3% each to Rs 251 and Rs 292, respectively.
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