Benchmark Sensex dropped over 200 points when markets opened today. Traders said that investors turned wary amid subdued quarterly results by key index constituents and negative cues from global markets. The S&P BSE Sensex index fell as much as 227.28 points to hit 41,301.63 in early trade and the broader NSE Nifty benchmark declined to as low as 12,162.45, down 62.1 points from its previous close. 

Meanwhile, Rupee declined 6 paise to 71.17 against US dollar in opening trade.