Sensex tanks by over 750 points

The markets on Thursday tanked over 2%, propelled by the outflow of foreign investors and weak global cues.

The 30-share BSE Sensex closed the day's trading with a fall of 759.74 points or 2.19% to close at 34,001.15 points. This is the fourth biggest fall for the Sensex in the calendar year 2018.

On the other hand, broader index, 50-share NSE Nifty, tanked by 225.45 points (2.16%) to close at 10,234.65 points.Markets breadth on the exchanges also remained heavily negative. The NSE witnessed 1,198 declines against 539 advances. On the other hand, BSE witnessed 1,761 declines against 828 advances.

Earlier in the day, within the first hour of trade, Sensex, which had gained 461.42 points on Wednesday, crashed 1,037.36 points to hit a low of 33,723.53.

Led by the sharp carnage in equities, the market capitalisation of BSE-listed companies slumped by Rs 3,05,625.87 crore to Rs 1,35,59,695.82 crore in late morning trade.

In the forex market, the rupee slumped by 24 paise to hit an all-time low of 74.45 against the dollar in the early morning trade before recovering to 74.09 at 3.45 pm.