The 30-share BSE Sensex extended its losses for third straight day and plunged 492.70 points, or 0.63 per cent, to settle at 77,235.46. The 50-share NSE Nifty tumbled for the sixth straight day, declining 132.75 points, or 0.55 per cent, to end at 24,154.90

The initial public offering (IPO) of Milky Mist Dairy Food Ltd was subscribed 56.12 times on the last day of the share sale on Thursday. The Rs 1,553-crore IPO had a price band of Rs 133-140 per share