Nifty extends fall; breaks 50-DMA for the first time since Feb

Reuters Market Eye - The broader Nifty extends fall, slumps 1.06 percent.

Breaks 50-day moving average for the first time since Feb. 25. The BSE Sensex slumps more than 250 points.

Asian shares tumble as Obama authorises air strikes in Iraq.

Blue-chips slide: Larsen & Toubro down 2.6 percent while ICICI Bank falls 0.5 percent.

Also, overseas investors sold shares worth $11.92 million on Thursday.

(Reporting by Abhishek Vishnoi)