Both the Sensex as well as Nifty extended last week’s losses and closed the week in red for the week ending May 30, 2008. The BSE Sensex was down 1.41 per cent and CNX Nifty 1.55 per cent. On the last trading of the week, the Sensex closed at 16,415.57, up 0.61 per cent or 99.31 points after hitting an intraday high of 16,540.49 and low of 16,314.99. The Nifty hit an intraday high of 4,908.85 and 4,833.45, respectively, before ending the session at 4,870.10, up 0.72 per cent or 34.8 points. For the week ended May 30, CNX Midcap Index lost 3 per cent and BSE Small-cap Index was down 4.5 per cent. Banking stocks were th