New Delhi, March 13 -- The Indian stock market continues reeling under intense selling pressure for the third consecutive session on Friday, March 13, with the benchmarks Sensex and the Nifty 50 falling by 1% each.

The Sensex opened at 75,444 against its previous close of 76,034 and dropped over 900 points, or more than 1%, to the intraday low of 75,121.

The Nifty 50 opened at 23,462 against its previous close of 23,639 and fell over 300 points, or more than 1%, to an intraday low of 23,326.

Both indices are set to extend losses for the third consecutive week. For the current week, the Sensex has shed about 3,800 points, or nearly 5%, while the Nifty 50 has lost more than 1,100 points, or nearly 5%.

Investors have lost Rs.16 lakh cror...