Sensex loses 257 points to 16,649
Sensex drops for the second straight session by losing over 257 points on heavy selling by funds.business Updated: May 23, 2008 16:51 IST
The Bombay Stock Exchange benchmark Sensex dropped for the second straight session on Friday by losing over 257 points on heavy selling by funds.
The Sensex, which suffered a loss of 336 points in previous day's trading, dropped further by 257.47 points to 16,649.64. It touched the day's low of 16,626.11 and high of 17,054.34 points.
Wide-based National Stock Exchange's index Nifty fell by 76.50 points to 4,948.95, after dipping to 4,940.70 points. It rose to 5,059.05 points during the day as selling spread over a wide-front.