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Markets extend losses, Autos drag

BSE Auto index down by almost 1%

Markets have extended the losses with the Sensex and the Nifty declining by over 0.5% each. By 1030, Sensex plunged by 88 points at 16,134, and the Nifty down 27 points or 0.55% at 4,894 levels. Meanwhile, the rupee weakened in opening trade on Friday, reversing its previous session of gains, as global risk aversion continued to darken the near-term prospects for the local unit. On the sectoral front, BSE Auto, Technology, Oil & Gas and PSU indices have declined by nearly 1% each. All the sectoral indices are trading in negative zone. From the Auto space, M&M, Tata Motors, ...