Sensex crashes nearly 450 points; Nifty tests 10,100

NEW DELHI: Markets on Thursday declined further after opening weak amid global sell-off with the benchmark BSE Sensex losing nearly 450 points. The 30-share Sensex crashed 445 points to 33,590, while the NSE index was testing the 10,100-level in the late morning deals.

At 11:49 am: Sensex was trading 323 points down at 33,711; Nifty at 10,123

The equity indices opened lower with Sensex sliding nearly 300 points amid weak global cues. The BSE index plunged 297 points or 0.87 per cent to 33,737, while the broader NSE Nifty fell 92 points or 0.90 per cent to 10,133 in early trade.

Bharti Airtel, IndusInd Bank, Vedanta, Reliance and Infosys were among the major losers on BSE with their stocks declining as much as 3.19 per cent. On the NSE platform, except for Nifty Pharma, all other sub-indices were trading in red, sliding as much as 1.52 per cent.

Investor sentiments were hurt as the Asian shares dived, with hundreds of billions of dollars haemorrhaged from global markets, after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year.



The rupee opening weak against the dollar also factored in the markets' fall. The Indian currency dropped by 19 paise to 73.35 against the US dollar in early trade amid unabated foreign fund outflows.

Reversing a four-session slide, Sensex on Wednesday had recaptured the 34,000-mark by jumping 187 points amid easing crude oil prices and a recovery in the rupee. The 50-share NSE index also managed to end above the 10,200-level.