Sensex falls over 1,000 points in early trade

Just as the share market opened on Friday, Sensex slid over 1,000 points. Nifty also slipped below the 16,400-mark. 

As of 10:20 AM, Sensex was at 54,696, over 1.8 per cent down from the previous close. 

Bajaj Finance and Wipro were the top losers. Nifty50 was trading at 16,379, down over 300 points from the previous close. 

According to a report by sources, the rupee also slumped against the US Dollar on Friday. 

The rupee fell to 76.64 per USD against the previous close of 76.26.