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Sensex loses 257 points to 16,649

Sensex drops for the second straight session by losing over 257 points on heavy selling by funds.
PTI | By HT Correspondent, Mumbai
UPDATED ON MAY 23, 2008 04:51 PM 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.

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