Share market highlights: After opening lower, the Sensex and Nifty extended losses in the afternoon trade on Wednesday, The Sensex closed 248 points down at 39,502.05, while the Nifty ended below the 11,900-mark. SBI, Tata Steel shares emerged among the biggest losers shedding more than 3% each.
Asian shares stumbled on Wednesday and global bonds rallied as investors fretted over the outlook for world growth with trade tensions between Washington and Beijing showing no signs of abating. MSCI’s broadest index of Asia-Pacific shares outside Japan was last down 0.4 per cent after three straight days of gains. South Korea’s KOSPI and Australian shares were 0.9 per cent lower each. Japan’s Nikkei faltered 1.4 per cent while E-Minis for the S&P 500 were 0.2 per cent.