Sensex plunges below 17,000 points

Business News: The Bombay Stock Exchange (BSE) Sensex on Friday plunged below the 17,000 points at 16,831.08 points. The BSE Sensex fell by 320.11 points on the last day of the week. It was the third consecutive loss that pushed the Sensex to the four months lowest figures.

The NSE - Nifty too shed 101 points and closed at 5,086.85 on the last day of the week. Experts believe that due to the selling pressure from the foreign institutional investors and weak rupees the Sensex and Nifty plunged.