Equity benchmarks extended losses in noon trade with the Sensex falling more than 340 points intraday following correction in Asia on jitters over the US presidential elections.
The 30-share BSE Sensex dropped 326.42 points or 1.17 percent to 27550.19, dragged by 27 out of 30 stocks. The 50-share NSE Nifty fell 106.85 points or 1.24 percent to 8519.40, the lowest level since October 17.
The market breadth improved a little bit as about 1862 shares declined against 720 advancing shares on the BSE.
In morning, the ratio of advance:decline was 1:4. PSU Bank hit hardest today, falling more than 3 percent.
Punjab National Bank, Canara Bank, Bank of India, IDBI Bank, Bank of Baroda and SBI were down 3-4.5 percent.
Tata Motors was the third top loser on the Sensex, down 2.7 percent after subdued growth in Land Rover North America sales, though Jaguar posted more than 3-fold rise in October.
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