With weak worldwide markets activating a substantial sales event, the Sensex plunged over 650 points to 14, 347.89 as stocks moved into a tailspin in early trading on Bombay Stock Exchange (BSE). Stocks cutting across spheres have broken down on a reactive reaction to the declension in international markets.

At the moment, the BSE Sensex is down with a hefty loss of 622.19 points at 14,378.72. On the other hand, the NSE Nifty that went down to a low of 4171.15 came down with a arresting loss of 4.28 per cent or 187 points at 4183.20.

The market climate is so pessimistic that just a few stocks among BSE 'A' Group directed to make it to the constructive territory in opening trade.

The biggest loser in the Sensex is ICICI Bank, which lost about 6.65 per cent. The other stocks, which have lost between 5-6% include Bharti Airtel, Tata Steel, Reliance Industries, Reliance Communications, State Bank of India, HDFC Bank and Reliance Energy.

Tata Motors came down almost 5 per cent. ONGC, Larsen & Toubro, Hindalco, BHEL,Grasim Industries, Ranbaxy Laboratories, Infosys Technologies, Maruti Udyog, Bajaj Auto, HDFC, ACC, Cipla, Wipro, Tata Consultancy Services, Dr. Reddy's Laboratories, Hindustan Unilever, Ambuja Cements, ITC and Satyam Computers are down 2 per cent - 4.5 per cent from their last closing levels.

Sterlite Industries missed 7.75 per cent. The other stocks that have lost between 3% to 7% include SNL, Suzlon Energy, Nalco, IPCL, Tata Power, Zee Entertainment, Punjab National Bank, Siemens, SAIL, HCL Technologies, GlaxoSmithKline Pharma, Sun Pharmaceuticals, MTNL and BPCL.