The Indian key benchmark indices extended losses in early deals today(7 June 2022) tracking subdued sentiment overseas.
The BSE Sensex fell 600 points to 55,050, while the NSE Nifty shed 180 points to slip below 16,400.
In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down up to 1 percent.
Sectorwise, consumer durables, financials, auto, realty, and banks led losses on the Nifty, down up to 2 percent. Nifty IT and FMCG were other notable losers.
Among stocks, shares of PB Fintech, which operates online insurance broker Policybazaar and loan marketplace Paisabazaar, plunged 10 percent on the BSE after Yashish Dahiya, chairman executive and CEO of the company revealed his plan to sell up to 3.77 million equity shares through an open market.