Sensex plunges over 550 points in opening trade; Nifty below 11,000

Domestic equity opened in red on Thursday with the benchmark BSE sensex plunging over 550 points, dragged by auto, banking and financial stocks. The 30-share BSE index fell 573 points or 1.52 per cent to trade at 37,095; while the broader NSE Nifty opened 174 points or 1.57 per cent lower at 10,957.