Sensex falls 400 pts in opening, Nifty breaks 10,700; Eicher Motors cracks

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 117 points or 1.08 percent


Bears kept tight control on Dalal Street as the market cracked further in opening on Thursday, with the Sensex falling 518.42 points to 35,457.21.

The 50-share NSE Nifty fell 155.10 points to 10,703.20. The market breadth weakened further as about four shares declined for every share rising on the BSE. Rupee opens: The Indian rupee opened at fresh record low of 73.60 per dollar versus on THursday previous close 73.34 per dollar.

Yesterday the rupee ended at record closing lower 73.34, down by 43 paise versus Monday’s closing 72.91 per dollar.

Index heavyweights Reliance Industries, HDFC, TCS, HDFC Bank and Infosys fell 1-3 percent. Bajaj Finance, IOC, ICICI Bank, Eicher Motors, M&M, Maruti Suzuki and Bajaj Finserv slipped 2-4 percent.

Only two stocks were trading in the green. L&T gained 1.8 percent and Hindalco rose 0.3 percent.

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