Sensex dips below 17k.

; Press Trust of India

MUMBAI, 26 NOV: The benchmark Sensex today tanked over 340 points to close below the crucial 17,000 points level on all-round selling sparked by a meltdown in Chinese stocks.

Brokers said a sudden bout of selling emerged in the derivatives and cash segments on roll-over of positions a day ahead of the expiry of futures contract.

Attributing today's fall to negative global cues, brokerage company Hightech Securities director, Mr Sanjeev Bhambri said the market is getting resistance above the 17,000 mark and has a strong support at 16,600 level.

The market plunged in afternoon trade as the Shanghai Composite tumbled by 3.62 …