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Sensex loses 164 points

MUMBAI: Cement companies' assurance to keep prices stable for a year and a rise in inflation number on Friday emerged as key negative factors for a dramatic 164-point fall on the stock market after Thursday's big leap.

Dragged by key cement stocks, the Bombay Stock Exchange (BSE) benchmark Sensex succumbed under continued pressure and touched the intra-day low of 12788.16 before closing at 12884.99, a net fall of 164.36 points or 1.26 per cent. Idea Cellular scrip, which was listed on Friday, closed at Rs. 85.55, a 13.7 per cent rise over its issue price.

— PTI

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