Sensex sinks 600 points in morning session

Following the downtrend of Wednesday, the BSE Sensitive Index dipped another 600 plus points on Thursday, fuelled by further fall in the Indian rupee. At 10:39 hours, the BSE Sensex was 35,351.76, down by 623.87 points or 1.73 per cent, while the Nifty50 was at 10,662.65, down by 195.60 points.

Pulling the market down on Thursday was the downward movement seen in index major Reliance Industries, alongwith TCS and HDFC twins. Together these stocks contributed to close to 70 per cent of the fall in BSE Sensex. Reliance Industries contributed close to 200 points of the fall, followed by TCS with close to another 100 point dip, while HDFC Bank and HDFC contributed to close to 70 points each.

Top loser on BSE Sensex were Reliance at Rs. 1,148.50 per share, down by 4.71 per cent, TCS at Rs. 2,077.90, down by 3.91 per cent, Hero Motor at Rs. 2,806.45, down by 3.75 per cent, Hindustan Lever at Rs. 1,572.55, down by 3.05 per cent and IndusInd Bank Rs. 1,599.35, down by 2.35 per cent.

Among top gainers were Yes Bank at Rs. 217.90 per share, up by 2.37 per cent, L&T was at Rs. 1,265.00 per share, up by 1.65 per cent, Axis Bank at Rs. 579.00, up by 1.45 per cent, Vedanta at Rs. 243.00, up by 1.21 per cent and Tata Motors at Rs. 229.35, up by 0.79 per cent on Thursday.