Benchmark indices, Sensex and Nifty, have extended losses and have hit fresh intraday low weighed down by spike in oil price amid increasing violence in Iraq.
Shares of mid-and small-cap companies are under pressure after oil prices hit their highest level in nearly nine months today as escalating civil war in Iraq hit risk appetite.
BSE Mid-cap and BSE Small-cap lost 2.5% and 3.1%, respectively.
article