Owing to profit booking, Equity benchmarks extended losses in morning trade with the Nifty breaks below the 8,700 level. The 30-share BSE Sensex was down 127.57 points at 28,051.51 and the 50-share NSE Nifty down 34.65 points to 8,674.30.
The broader markets also remained under pressure on weak breadth. About 1,169 shares declined whereas 862 shares advancing on the BSE.
HDFC, HDFC Bank, HUL, Bharti Airtel, NTPC and GAIL were down more than 1% while ICICI Bank, Axis Bank, Sun Pharma and Maruti were gainers in morning.
Tata Group stocks remained under pressure after Tata Sons sacked Cyrus Mistry as chairman on Monday. Tata Steel, TCS and Tata Motors were down 1 to 2%.