Sensex again dip below 16k on falling rupee, global cues

The 30-stock BSE Sensex, which had a brief recovery in yesterday, rolled down to trade 260.77 points to trade at 15,809.71 at mid session as foreign funds intensified their selling.

The rupee touched new low levels on concerns over slowing economic growth and widening trade deficit.

The market received more beating as Asian peers fell with the regional benchmark indices lost over two per cent in morning trade after U.S. Economic data missed estimates and Moody's downgraded 16 Spanish banks rating and Greece as Europe