Bombay stocks sold off for the second day in a row Thursday, heading into a long weekend on a low note.
The BSE Sensex dropped 119 points to close at 11,237. The index traded as low as 11,008 before recovering at the end of the day to sharply narrow its losses. Still, the Sensex has dropped 4.3% in the last week.
lost 5%, chemicals outfit
sank 3.9% and
gave up 3.3%. Information technlogy outfit
and electricals name
gained 3.4% and pharmaceuticals house
rose 3.3%. Other gainers included software seller
National Thermal Power
Dr Reddy's got Food and Drug Administration clearance to sell fexofenadine hydrochloride tablets. Tata Consultancy rose on reports that the company is in the final stages of negotiations with Deutsche Bank for an outsourcing deal.
This story was created through a joint venture between TheStreet.com and IRIS.