BOMBAY -- Indian stocks plunged again Wednesday, dropping 3.6% as emerging markets all over the world continue to get pounded.

The BSE Sensex fell 388 points to settle at 10,399. The index fell 14% in May, including a drop of more than 2000 points since its May 11 peak at 12,671.

Laggards on the BSE Sensex Wednesday were ITC, which shed 6.5%, ICICI Bank, down 5.9%, and Tata Steel, down 5.6%.

The lone gainer on the index was Tata Motors ( TTM), up 0.2%.

NTPC shed 2.1% after posting a flat yearly profit. Dr. Reddy's Labs ( RDY) declined 1% after its fourth-quarter loss narrowed.

This story was created through a joint venture between TheStreet.com and IRIS.