Mkts extend losses; telecom, oil & gas, power, realty slip - Moneycontrol.com

At 13:33 hours IST - the benchmark indices extended losses on the back of profit booking in shares of oil & gas, power, telecom, metal, realty, capital goods, major banking companies. Negative cues from the european markets were also putting pressure on our markets; the FTSE fell 30 points, to 4,335. The CAC was down 45 points, to 3,190 and the DAX fell 65 points to 4,852.

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Biggest draggers were Bharti, Reliance Industries, NTPC, Reliance Communication, ICICI Bank, ITC, SAIL, DLF, L&T, Tata Power, Ranbaxy Labs, Tata Motors, BPCL and Unitech plunged 2.5-8%. Nifty declined 87 points, to 4,150, at 13:33 hours IST. The BSE Midcap and the Smallcap indices fell over 2%.

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