AM(IST)on Thursday in a weak market. Kotak Mahindra Bank Ltd.(up 0.73 per cent) and Au Small Finance Bank Ltd.(up 0.51 per cent) were among the top gainers. HDFC Bank Ltd.(down 1.5 per cent), State Bank of India(down 1.

The S P BSE Sensex tumbled 245.54 points to 77,902.95, while the NSE Nifty50 was down by 76.35 points to 23,612.60 as of 9:30 AM.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,721 level, a discount of nearly 60 points from the Nifty futures’ previous close.

The BSE Sensex and Nifty50, India’s key equity benchmarks, opened lower on Thursday. The BSE Sensex traded below the 78,000 mark, while the Nifty50 was under 23,650. At 10 am, the Sensex dropped by 235.

This also comes at a time when the rupee hit an all-time low, though its drop was attributed to both volatile domestic equities and a strengthened US dollar