Share markets in India have extended early losses and are presently trading deep in the red.
Benchmark indices edged lower today tracking weak Asian markets, which fell as virus fears resurfaced.
Fears of a second wave of coronavirus infections in China sent investors scurrying for safe havens.
The BSE Sensex is trading down by 612 points, down 1.8%. Meanwhile, the NSE Nifty is trading down by 169 points.
Shares of IndusInd Bank plunged over 5%, while Axis Bank, Bajaj Finance, and ICICI Bank fell 4%.
All sectoral indices are trading in red with stocks in the banking sector and finance sector witnessing most of the selling pressure.
More details to follow in the upcoming commentary.
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