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The benchmark indices
settled over 2 per cent lower on Thursday following a weak rupee which
sunk to a fresh low in the intraday trade.The rupee slipped to a fresh record
low 73.81 per dollar in intraday trade on Thursday, after settling at a
record low of 73.34 on Wednesday.The S&P BSE Sensex ended at 35,169, down
806 points while the broader Nifty50 index settled at 10,599, down 259 points.Among
major stocks, ICICI Bank settled over 4 per cent to Rs 316. It had risen over 5
per cent to Rs 321.25 in intraday trade on the National Stock Exchange (NSE)
after the bank's CEO Chanda Kochhar resigned with immediate effect. ICICI Bank
has named Sandeep Bakhshi as MD and CEO for five years with effect from October
3.
