In a sustained three-week the BSE benchmark sensex dropped by another 442 points during the extending week under review to close at a 14-week low below 16K-mark 15,915.65.
The country's two prime bourses — Bombay Stock Exchange and National Stock Exchange — carried out a special 90-minute trading session between 11 am and 12.30 pm today to help NSE upgrade its trading system.
The Bombay Stock Exchange 30-share barometer ended the week at 15,915.65, a steep fall of 442.31 points or 2.70 per cent over its last weekend's close of 16,357.96.
All round profit-booking in the last three week, the bellwether index crashed by a whopping 1,638.61 points or 9.33
Market participants were worried about the weak global sentiments coupled with rise in food inflation that might
compel the apex bank to unleash more monetary tightening measures. Food inflation rose to 17.56 per cent for the week
ended January 23 as against 17.40 in the last week.
World stocks fell on Friday as Europe's sovereign debt, indications of weak US job data and crash in commodity and
energy prices raised fresh concerns over the global economy and would cast a shadow in the next week, a broker said.