At close on Thursday, the Sensex was down by 338.32 points at 14,324.29. The Nifty was 109.95 points at 4,290.35.
The Bombay Stock Exchange benchmark Sensex continued its losing streak for the third straight session and fell by 192 points in early trade on heavy selling by foreign funds and retail investors, triggered by weak global cues and depreciating rupee.
The 30-share index, which had lost over 280 points in the past two sessions, tumbled by 191.75 points to 14,470.86 after heavy-weight stocks led by oil and gas and capital goods sectors suffered sharp losses.
Similarly, the National Stock Exchange's index Nifty moved down by 66.25 points to 4,334.00.
Major losers, which dragged the Sensex down were Reliance Industries, ONGC, Reliance Infra, RCom, Tata Steel, State Bank of India, ICICI Bank, HDFC Bank, BHEL, Larsen and Toubro, Grasim Industries and Tata Power.
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