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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.

Drug maker


lost 5%, chemicals outfit


sank 3.9% and



gave up 3.3%. Information technlogy outfit


and electricals name


also fell.

Car maker


gained 3.4% and pharmaceuticals house

Dr. Reddy's

rose 3.3%. Other gainers included software seller

Tata Consultancy


National Thermal Power


Tata Steel


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 and IRIS.