New Delhi - Indian equities extended losses Friday as the benchmark Sensex tumbled 8 per cent to a two-year low as investors sold heavily after the central bank disappointed them by keeping key rates unchanged in its policy review.
The 30-share-sensitive index, which had shed 912 points over two sessions since Wednesday, lost another 782.62 points by mid-session Friday.
The Sensex fell sharply to 8,989.08, a loss of 8.01 per cent, by noon (06 30 GMT), after a credit and monetary review was announced by the Reserve Bank of India.
Banking, metal and realty stocks shed between 6 to 8 per cent to lead the Sensex to below 9,000, a level last seen in 2006.