On Thursday, Domestic equity benchmark BSE Sensex dropped over 250 points in early trade, dragged by heavy selling in banking stocks ahead of the expiry of August derivatives amid weak cues from other Asian markets.
After hitting a low of 37,191.79, the 30-share index was trading 215.51 points, or 0.58%, lower at 37,236.33 at 0930 hours, while the broader Nifty fell 58.90 points, or 0.53%, to 10,987.20 in early trade.In the previous session, the BSE barometer the 30-share Sensex settled 189.43 points, or 0.50 per cent, lower at 37,451.84. Similarly, the broader NSE Nifty fell 59.25 points, or 0.53%, to 11,046.10.
Top losers in the Sensex pack in early trade on Thursday included Yes Bank, HDFC, ICICI Bank, HCL Tech, TechM, Axis Bank, NTPC, Bajaj Finance and SBI, shedding up to 2%.On the other hand, Sun Pharma, Vedanta, Tata Motors, IndusInd Bank, M&M and Bharti Airtel rose up to 2.75%.
The rupee, however, depreciated 18 paise against its previous close to trade at 71.95 in early session.