The Indian stock market extended losses on Wednesday, with the Sensex and the Nifty falling up to 0.2% as Tata Sons Chairman N Chandrasekaran resigned, triggering a sharp fall in Tata Group stocks, along with rising oil prices that spooked investors.
Sensex dropped 188 points to close at 77,966, while the Nifty 50 lost 36 points to end the session at 24,436 on Wednesday. The market recovered significant losses, as the benchmark indices had fallen nearly 1% intraday.
