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Sensex closes 36 points down at 7935

     Mumbai: Amid heavy selling pressure by the Foreign Institutional Investors (FII), the country's benchmark index continued its downward trend in a highly volatile market and ended the day 36 points down at 7935. The Bombay Stock Exchange (BSE) Ltd 30-share sensitive index (sensex) opened in a positive note and once again 8100 mark, however, in the afternoon trading it went into a downward spiral, losing 297 points and finally ended the day at 7,935.12, against yesterday's close of 7,971.06, recording a net loss of 35.94 points or 0.45 per cent. In the broader market, the National Stock Exchange (NSE) Nifty also closed in red 17 points down at 2,395.45 after hitting an intraday low of 2,363.55. Earlier, the market, opened on a firm note on the back of positive global cues, which provided enough reason for market participants to take advantage of the near 10 percent correction over the last couple of weeks and do some bottom fishing. It touched a high of 8,134.83. However, bears slowly and steadily increased their might and the benchmark index plunged to the intra-day low of 7,838.02 despite impressive second quarter growth by the major corporates.