Equity benchmark indices extended losses in afternoon trade, with the Sensex falling more than 100 points on further profit booking.
The 30-share BSE Sensex was down 118.38 points at 29,400.36 and the 50-share NSE Nifty fell 30.25 points to 9,096.60. The gap between advances and declines widened as about two shares declined for every share rising on the BSE.
Investors remained on sidelines for overall equity market due to lack of global and domestic cues but the scenario is completely different for Avenue Supermarts that crossed market capitalisation of more than Rs 40,000 crore on listing day today.
The stock touched an intraday high of Rs 648.35, up 116.8 percent over its issue price of Rs 299.
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