Market close: Sensex drops by 261.68 points, Nifty closes at 11003.50

(G.N.S) Dt. 16 Mumbai The 30-share index ended 261.68 points, or 0.70 per cent, lower at 37,123.31. The broader NSE Nifty too settled 79.80 points, or 0.72 per cent, down at 10,996.10. Sensex was down 261.68 points at 37,123.31, while Nifty was down 72.40 points at 11,003.50. Oil prices surged