The benchmark indices extended losses in the last afternoon trade as a slump in IT shares on worries over H-1B visas and negative trend seen in European markets affected sentiment.
The S&P BSE Sensex slipped below its crucial 27,000-mark, while Nifty50 went below 8,250 after testing its key resistance of 8,300 level in the morning trade.
At 02:50 pm, the Sensex was trading at 26,806, down 71 points, and the Nifty was ruling at 8,255, down 18 points.
The BSE Midcap also cut all its gains to slip in red terrain. The index had risen as much as 0.7% in

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