Equity benchmarks extended losses in afternoon despite positive trade in European markets, ahead of expiry of September futures & options contracts on Thursday.
The 30-share BSE Sensex was down 316.80 points or 1 percent at 31,282.96 and the 50-share NSE Nifty fell 102.05 points or 1.03 percent to 9,769.45.
The broader markets also corrected in line with benchmarks, falling around a percent. About three shares declined for every share rising on the BSE.
The Nifty IT was only gainer among sectoral indices, up 0.2 percent following sharp depreciation in rupee. TCS was up 0.8 percent and Tech Mahindra rose 1.6 percent.
The Indian Army has conducted another surgical strike at Naga Insurgent Camp, Myanmar border, reports CNN News18 quoting sources.
Sources said there was no casualty to Indian forces during surgical strike but there are heavy casualties at Naga Insurgent camp in Myanmar border.
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