Sensex down nearly 700pts; Reliance plunges 10%

The Sensex is trending lower on the back of heavy selling pressure in index heavyweights. The Sensex is now down 662 points at 10,147.

Mahindra & Mahindra and Reliance have slumped 9.7% each to Rs 437 and Rs 1,372, respectively.

Wipro, TCS and Jaiprakash Associates have crashed around 9% each to Rs 252, Rs 494 and Rs 66, respectively.

Tata Motors has tumbled 8.7% to Rs 258. Hindalco, Infosys and Sterlite have plunged around 8% each to Rs 73, Rs 1,225 and Rs 269, respectively.

Grasim has dropped over 7% to Rs 1,383. Tata Power has shed 6.5% at Rs 743.

BHEL, Bharti Airtel and HDFC Bank have slipped nearly 6% each to Rs 1,313, Rs 677 and Rs 1,069, respectively.

ACC, Larsen & Toubro and Satyam are down around 5.5% each at Rs 514, Rs 843 and Rs 257, respectively.

Hindustan Unilever, however, has surged 2.5% to Rs 237.