Sensex slumps further, ends week 199 pts down on global cues

The Indian equities benchmark Sensex on Friday closed 195 points down, a day after it faced one of the worst one-day losses in two years, as negative cues from global bourses continue to dampen sentiments at the Dalal Street.

HOW THE MARKETS FARED

The 30-scrip BSE index, which opened at 16,222.37, closed down 199.09 points or 1.22 per cent, at 16162.06 from its previous close of 16,361.55. The 50-scrip S&P CNX Nifty of the National Stock Exchange closed 1.14 per cent down at 4,867.75 points.

A sell-off in stock markets around the world had sent the Sensex plummeting 704 points on Thursday - its worst fall in over two years.

Broader markets as well as most sectoral indices also closed deep in the red for the second-consecutive day on heavy sell-off in the global markets.

The BSE midcap index fell 0.87 per cent and the BSE small cap index slumped 1.13 per cent.

Most Asian markets ended in the red for the second-straight day as traders continued to sell out in the wake of a gloomy outlook by the US Federal Reserve that said the global economy could fall into another bout of recession led by Western countries.

- With inputs from IANS