Continuing its slide for the third straight session, the Bombay Stock Exchange benchmark index Sensex lost nearly 118 points in opening trade on Friday on increased capital inflows by funds and retail investors, triggered by weak global markets.

Sentiments also dampened on fears that the government might step in to check the rush of foreign funds. The 30-share BSE Sensex fell 117.71 points to 16,667.94 points in opening trade. The BSE barometer lost 265 points in the past two sessions.