MARKET LIVE: Indices extend fall; Sensex down 400 pts, Nifty below 11,200

Benchmark indices had been buying and selling more than a per cent reduce on Wednesday, dragged down by offering in banks and metal counters.

The S&P BSE Sensex was down 433 details, or one.12 per cent, at 38,190 amounts. Tata Metal (down five%) and IndusInd Bank (down three%) had been the best laggards in the Sensex pack. On the other hand, Solar Pharma was up three per cent.

The broader Nifty50 index slipped down below psychological degree of 11,200 amounts, down 109 details, or .96 per cent. The Nifty sectoral indices had been buying and selling mostly in the pink. Nifty PSU Bank, Nifty Personal Bank, Nifty Bank indexes (all down one.4 per cent each individual) bled the most.

In the broader sector, the S&P BSE MidCap index tumbled 254 details, or one.72 per cent, and the S&P BSE SmallCap index was down 184 details, or one.three per cent.