Sensex drops 180pts to 10,678

Mirroring weak trend in the global markets the Sensex opened with a negative gap of 75 points at 10,783. World markets witnessed selling across the board on higher curde oil prices, growing tension in the west and hike in overnight call rate by Japan to 0.25% after a gap of six years.

Continued selling in the first half of the day saw the index dip to a low of 10,564 - down 294 points from the previous close. However, selective buying at lower levels saw the index erase some of its losses before settling with a loss of 180 points at 10,678.