Markets extend losses, Sensex falls below 59,800 in morning trade

Mumbai (Maharashtra), Jan. 27 -- : The domestic equity markets on Friday extended losses in morning trade due to selling pressures in banking stocks. Though the global stocks' key indices were up, it failed to lift domestic stocks.

BSE Sensex dropped below 59,800 level as it declined 479 points to 59,637.06 while NSE's Nifty 50 fell 141 points to 17,750.60 in morning trade on Friday.

The Nifty traded below the 17,700 level. Bank stocks declined for the third consecutive session.

On the BSE, 824 shares rose, and 2355 shares fell. A total of 134 shares were unchanged.

Among the bank stocks, Bandhan Bank shares were down 2.96 per cent, ICICI Bank fell 2.85 per cent, Punjab National Bank was down 2.61 per cent, Bank Of Baroda dropped 2.39 ...