Market extends losses; Sensex tanks 300 pts, SBI & ONGC fall 3%

The Sensex is down 301.46 points or 1.1 percent at 27575.15, and the Nifty is down 100.90 points or 1.2 percent at 8525.35.

About 628 shares have advanced, 1766 shares declined, and 87 shares are unchanged.

M&M, NTPC, HUL and Asian Paints are gainers while SBI and ONGC are down 3 percent.

GAIL, Tata Motors and BHEL are losers in the Sensex.

Gold futures were up 0.42 percent to Rs 30,335 per ten grams as traders raised their bets amid positive cues from the global markets.

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