Sensex falls 150 points, Nifty tests 8,900; Tata Steel top loser

In the broader market, the BSE Smallcap index outperformed the frontline indices to rise 0.2%

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The benchmark indices on Wednesday extended losses tracking weak global cues after Wall Street logged first consecutive sessions of declines in more than a month in anticipation that US Federal Reserve will hike interest rates next week.  At 12:15 pm, the S&P BSE Sensex was trading at 28,847, down 152 points, while the broader Nifty50 was ruling at 8,901, down 45 points. In the broader market, the BSE Midcap and BSE Smallcap indices shed 0.6% and 0.8%, respectively.  "Volatility has been the theme lately, but that has stepped up enough to signal a ...