Sensex extends losses; Reliance Industries declines

Last Updated: Wed, May 23, 2012 08:55 hrs

The Sensex and the Nifty extended losses, led by a fall in Reliance Industries. Reliance Industries fell 1.2 percent after one of its exploration partners Niko Resources said they have abandoned the D4 oil and gas block off India's east coast, underlining the production problems in the region.

Among other decliners, India's No.2 software exporter, Infosys was down 0.8 percent despite rupee being at record lows, underscoring the risk-off mood in global markets.

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