Sensex slumps over 400 points, Nifty down more than 100 points

Reuters Market Eye - The Nifty falls 1.4 percent or more than 100 points, heading towards its biggest single-day fall since July 8. The Sensex slumps over 400 points.

The market tracks softer overseas markets ahead of U.S. jobs data later in the session.

Foreign institutional investors sold shares worth 16.54 billion rupees ($273.2 million) on Thursday, their biggest single-day selling since July 2.Blue-chips lead decliners: Reliance Industries falls 2.9 percent, Housing Development Finance Corp falls 2.8 percent.

(Reporting by Abhishek Vishnoi)