Stock market LIVE updates: The key benchmark indices extened losses in early deals on Tuesday tracking subdued sentiment overseas.
The BSE Sensex fell 600 points to 55,050, while the NSE Nifty shed 180 points to slip below 16,400.
In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down up to 1 per cent.
Sectorally, consumer durables, financials, auto, realty, and banks led losses on the Nifty, down up to 2 per cent. Nifty IT, and FMCG were other notable losers.
Among stocks, shares of PB Fintech, which operates online insurance broker Policybazaar and loan marketplace Paisabazaar, plunged 10 per cent on the BSE after Yashish Dahiya, chairman executive and CEO of the company revealed his plan to sell up to 3.77 million equity shares through open market. Read here