Markets continue to be in bear hug; Sensex sinks 495 points

Market benchmark indices Sensex and Nifty slumped on Thursday, taking their downward trend to the third day running amid unabated foreign fund outflows. Photograph: PTI Photo from the Rediff Archives Intense selling in realty, auto, consumer discretionary and consumer durable stocks also dragged the markets lower. The BSE Sensex tanked 494.75 points or 0.61 per cent to settle at 81,006.61. During the day, it tumbled 595.72 points or 0.73 per cent to 80,905.64.   The NSE Nifty slumped ...