Stocks: The benchmark Sensex recorded its biggest weekly fall of 789.60 points in the current year to close at nearly 10-week low, below the 17,000-mark, at 16,769.11, on distinctly weak global cues due to Greece debt crisis amid fresh capital outflows.
Despite a $146-billion rescue package to Greece announced by European countries and International Monetary Fund (IMF) last Sunday, worried operators and investors went on profit-booking, expecting the problem might spread to other European countries.
The Bombay Stock Exchange 30-share barometer resumed weak at 17,536.86 and remained in negative terrain throughout the week to settle at 16,769.11, a steep fall of 789.60 points, or 4.50 per cent, over its preceding weekend's close.
The 50-issue Nifty of the National Stock Exchange also tumbled by 259.95 points, or 4.93 per cent, to close the week at 5,018.05.
Stocks belonging to metal sector were the top loser due to decline in prices at the London Metal Exchange (LME).
"Weak global sentiment continues to haunt markets across the world and the fall in domestic equity market during the week is in the same line. The trend will continue for some more sessions," SMC Global vice-president Rajesh Jain said.
