Sensex drops over 200 points, Nifty below 11,550
Domestic equity benchmark BSE Sensex dropped nearly 200 points in early trade Friday amid heavy foreign fund outflow and weak domestic headwinds. The 30-share index opened over 150 points tracking rally global equities but surrendered all gains to trade 201.04 points or 0.52 per cent lower at 38,696.42 at 0955 hours. The index swung nearly 400 points in the first hour of the session. Similarly, the broader Nifty was also quoting 66.75 points or 0.58 per cent down at 11,530.15.