Sensex drops 349 pts, Nifty opens at 10,144

Photo: Reuters

The Benchmark Sensex on Thursday slumped over 349 points to dip below the 34,000-mark in early trade, largely in sync with meltdown at other Asian markets following overnight losses at the Wall Street and fresh weakness in the rupee.

In the forex market, the rupee weakened by 19 paise to 73.35 against the US dollar due to increased demand for the US currency from importers.

Also, the broader NSE Nifty cracked below the 10,200-mark by falling 79.95 points, or 0.78 per cent, to 10,144.80.

Top laggards included Bharti Airtel, IndusInd Bank, Infosys, Vedanta Ltd, RIL, HUL, L&T, Adani Ports, Tata Motors, Asian Paint, Axis Bank, Bajaj Auto, HDFC Ltd, PowerGrid, Yes Bank and Tata Steel, falling by up to 3.71 per cent.