The 30-share Sensex plunged 340 points at 26,297 and the 50-share Nifty dropped 101 points to trade at 7,860.
Benchmark shares indices shaved off most of the previous session gains amid weak global cues even as Infosys surged nearly 7 per cent on the back of better-than-expected second quarter earnings and its new chief executive Vishal Sikka's vision to re-emerge as the IT sector's bellwether through consistent profitable growth.
Further, investors have turned cautious ahead of the August industrial production data due later during the day, according to a report of Business Standard.
The 30-share Sensex plunged 340 points at 26,297 and the 50-share Nifty dropped 101 points to trade at 7,860.
In the broader markets, the BSE Midcap and Smallcap indices slipped by nearly 1 per cent, almost in line with the benchmark index.
The market breadth in BSE ended weak with 1,908 declining and 998 shares advancing.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 208.9 million on Thursday.
At 15:45, the rupee was trading at 61.25 against the US currency, on sustained bouts of dollar demand from importers amid weak domestic equities and bullish greenback overseas.
Sensex drops 340 points ahead of Aug index of industrial production
FE Team | Published: October 11, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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