Mumbai, August 17: The Bombay Stock Exchange extended losses to 4 percent late on Monday, tracking a broad sell-off across equity markets worldwide on worries about the pace of global economic recovery.
Concerns that poor monsoon rains — crucial for India’s domestic-demand-led economy — will dent growth also weighed on sentiment.
At 3:04 p.m. (0934 GMT), the 30-share BSE index was down 4.1 percent at 14,776.72 points, with all stocks declining.
The 50-share NSE index was down 4.3 percent at 4,381.45.
—Agencies