Sensex slips for 3rd day in row, ends at 85,041 pts

MUMBAI: Sensex dropped 367 points on Friday, marking its third consecutive day of losses, amid foreign fund outflows and a lack of major domestic triggers. In a low-volume trade, the 30-share index dropped 0.4% to settle at 85,041. The 50-share Nifty declined by 100 points to 26,042, registering its second day of decline. “Overall, Indian equity markets traded with a cautious, mildly negative bias as thin year-end volumes, the absence of strong global triggers, and continued foreign investor outflows kept sentiment restrained,” said Ponmudi R, CEO of Enrich Money.