The market extended losses in afternoon trade with the Sensex falling 90.57 points to 25777.92 and the Nifty down 23.05 points to 7833.50. The broader markets continued to outperform benchmarks as the BSE Midcap and Smallcap indices gained 0.3-0.5 percent. Asian Paints and Adani Ports rallied 2 percent each as the Bombay Stock Exchange will add both stocks to Sensex with effect from December 21.
Vedanta and Hindalco Industries, which will be removed from the index, fell 3 percent and 4 percent, respectively. The market breadth remained positive as about 1366 shares advanced against 1144 declining shares on the BSE.
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