Sensex slumps 289 points; bank stocks drag

Extending its losses for the third straight session, benchmark BSE sensex slumped 289 points on Friday, dragged by banking stocks amid weak cues from global markets. After cracking nearly 400 points during the day, the BSE gauge settled 289.29 points, or 0.73 per cent, lower at 39,452.07. The index hit an intra-day low of 39,363.45 and a high of 39,799.90.

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