The domestic equity indices further extended losses in early afternoon trade. Investor sentiment was dented as Covid-19 cases continued to surge in the country. Barring the Nifty Pharma index, all the sectoral indices on the NSE were in the red.
At 12:20 IST, the barometer index, the S&P BSE Sensex, tumbled 1691.68 points or 3.41% at 47,899.64. The Nifty 50 index lost 490.15 points or 3.30% at 14,344.70.
In the broader market, the S&P BSE Mid-Cap index skid 5.30% while the S&P BSE Small-Cap index declined 4.79%.
The market breadth was strong. On the BSE, 1,878 shares rose and 859 shares fell. A total of 150 shares were unchanged.
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