Sensex on Wednesday plummeted 491 points, recording its sharpest fall since last August, as foreign funds pressed panic button ahead of the expiry of the January contracts tomorrow amid feeble global cues.
Sensex Friday closed below the psychologically important 17,000-point mark Friday. It ended 198 points lower, giving up gains earned on the back of better than expected results from heavyweight Reliance Industries.
Sensex slipped more than 2 percent lower in early trade on Friday to touch its lowest level in a month, with frontline stocks such as Larsen & Toubro, Reliance Industries and financials leading the decline.
After a promising start during the first week of the year, five of the country`s top 10 companies saw an erosion of nearly Rs 25,000 crore from their market cap, while PSU oil firm ONGC added over Rs 8,000 crore to its kitty.
The Bombay Stock Exchange benchmark
Sensex on Tuesday jumped by over 170 points, or 0.92 per cent, in
opening trade on buying by foreign funds, driven by rally on
the global bourses after positive US manufacturing data.