The market extended losses in morning trade as monsoon woes continued weighed. The Sensex fell 165.53 points to 27022.85 and the Nifty declined 58.70 points to 8177.75. The broader markets dropped too, down nearly 1 percent. About 551 shares have advanced, 1113 shares declined, and 96 shares are unchanged on the BSE.
Adani Enterprises plunged more than 80 percent as the stock price adjusted for demerger of its port, power, transmission businesses. Port business will be transferred to Adani Ports, power business to Adani Power and transmission to Adani Transmission. Adani Mining Private Limited will be merged into Adani Enterprises. Nestle India lost more than 6 percent after Delhi Government said lab testing report showed Maggi samples found unsafe in national capital.
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