Sensex closes 297 points lower

Huge selling pressure across the market breadth on Friday, especially in realty and metal stocks, pulled down a benchmark index for Indian equities which closed 297 points lower amid uncertain global cues.The 30-scrip sensitive index (Sensex) of the BSE, which opened at 16,155.55 points, closed at 15,848.83 points, down 297.5 points or 1.84 per cent from its previous close at 16,146.33 points. It fell to an intra-day low of 15,765.53 points in the afternoon, hitting a one-and-half year low.The 50-scrip S&P CNX Nifty of the National Stock Exchange also ended in the red, 1.9 per cent down at 4,747.8 points. From / Gulf Today