BSE Sensex falls more than 200 points; banks hit

Reuters Market Eye - The BSE Sensex is down 1.22 percent and the 50-share Nifty slips 1.21 percent, heading towards their biggest single day fall since October 8, 2012.

Domestic shares extend fall, tracking weak regional stocks on market talk of a hedge fund liquidating big global positions in commodities and worries that the U.S. Federal Reserve could wind down its bond-buying programme.

ICICI Bank shares fall 3.5 percent and State Bank of India falls 1.4 percent after RBI data showed that loan growth continues to remain a concern.

Reliance Industries shares fall 1.5 percent, retreating after a 3.1 percent surge on Wednesday.

 

ABB shares fall 3.5 percent after the company reported a 74 percent fall in Oct-Dec net profit at 167.7 million rupees.

(Reporting by Manoj Dharra)