Sensex, Nifty Extend Losses Led By Declines In Banking Shares

The S&P BSE Sensex and NSE Nifty 50 Indexes extended losses on the back of selling pressure in banking heavyweights like ICICI Bank, HDFC Bank, HDFC, Kotak Mahindra Bank and State Bank of India. Meanwhile, select bluechip capital goods, FMCG and Information Technology shares were also seen exerting pressure on the benchmarks. The Sensex fell as much as 297 points to intraday low of 39,653.59 and the NSE Nifty 50 Index dropped 89 poin...