The market on Thursday opened on a weak note with the Nifty down almost 100 points, while the Sensex around 300 points lower. The Sensex traded down 451.80 points at 33582.16, while Nifty traded down 135.30 points at 10089.50.

With 488 shares advancing, Bharti Airtel, Infosys, and Indiabulls Housing were amongst the losers, while NTPC and HDFC Bank gained on charts.

Shares of Wipro shed 4 percent after company reported a fall in its September quarter net profit.

The company has registered a 10 percent fall (QoQ) in second quarter net profit to Rs 1890 crore against Rs 2120.8 crore in quarter ended June 2018. Meanwhile, company's revenue rose by 2.3 percent to Rs 14,567.9 crore from Rs 14,230.6 crore, reported the Moneycontrol.

Airtel, telecommunication major posted 5% fall in shares of Bharti Airtel ahead of its Q2 results today.

Later in the day, driven by strong loan growth, Yes Bank is likely to report highest loan growth among banking & financials driven by refinancing and retail segments.

The Indian rupee opened lower by 19 paise at 73.34 per dollar on Thursday versus previous close 73.15. 

The rupee dropped by 19 paise to 73.35 against the US dollar in early trade Thursday amid unabated foreign fund outflows.

Traders said increased demand for the US currency from importers and a lower opening of domestic equity market weighed on the local unit.

After opening lower at 73.33, rupee weakened further to quote at 73.35 against the dollar registering a fall of 19 paise.

The dollar's weakness against some currencies overseas and easing crude oil prices, however, restricted the rupee fall, they added.

Foreign investors pulled out Rs 2,040.54 crore from equity markets Wednesday, as per provisional data.

On Wednesday, the rupee strengthened by 41 paise to close at more than three-week high of 73.16 against the US currency as global crude oil prices eased and domestic equity markets staged a smart rebound.