Benchmark indices extended losses in morning trade, with the Sensex falling as much as 358 points but trimming some losses.
The cut in losses indicated that investors as well as traders could be using “buy on dips’ strategy due to stable earnings in Q1FY18 and improving fundamentals of the economy.
The 30-share BSE Sensex was down 198.37 points at 32,075.30 and the 50-share NSE Nifty fell 58.35 points to 9,999.05.
About three shares declined for every share rising on the BSE.
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