The benchamrk Sensex nosedived 179.47 points to close at 35,037.64 while Nifty fell 82.30 points to 10,589.10.
The benchamrk Sensex nosedived 179.47 points to close at 35,037.64 while Nifty fell 82.30 points to 10,589.10. The drop came ahead of the expiry of derivatives contracts. The rupee also recovered marginally from its lifetime low to trade at 68.95 per dollar in late morning deals today amid heavy month-end demand for the American currency from importers and banks.
The domestic unit plunged to a record low at 69.10 before gaining ground to 68.95 at 1030 hrs, still down by 34 paise.
The Indian unit resumed sharply lower at 68.89 from yesterday's closing level of 68.61 at the inter-bank foreign exchange here.
Rising crude oil prices have deepened concerns about the country's current account deficit and inflation.
Among the major gainers in today's trade were NTPC, Mahindra & Mahindra, Infosys, Bharti Airtel, Kotak Bank and HDFC Bank, rising between 0.78 per cent to 1.76 per cent.
Today asian stocks also slumped to nine-month lows on Thursday as investors worried that the Trump administration's approach to trade is harming global economic growth - even as the White House approach to Chinese investment in U.S. technology companies appeared to be softening.
MSCI ACWI, the benchmark compiler's broadest gauge of world stocks covering 47 markets, fell 0.17 percent to its lowest level since early April.
European stock futures point to fall of 0.2-0.3 percent in major European stock indexes, such as Britain's FTSE , France's CAC and Germany's DAX.
US oil prices hit a 3-1/2-year high as plunging US crude stockpiles compounded supply worries in a market already worried about uncertain Libyan exports, a production disruption in Canada, and Washington's demands that importers stop buying Iranian crude.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.59 per cent to hit a fresh near nine-month low, while Japan's Nikkei average ended flat after erasing earlier losses.
The US S&P 500 lost 0.60 per cent on Wednesday to one-month closing low.
(With inputs from agencies)
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 "Sensex slumps 179.47 points to end at 35,037.64")
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