Sensex tanks 200 points, Nifty slips below 8,600 .

Markets have extended losses with Sensex and Nifty trading near day’s low weighed down by index heavyweight shares like Reliance Inds and ITC.
The S&P BSE Sensex was lower by 183 points at 27,903 and the Nifty50 slipped 81 points to trade at 8,597 levels.

Top losers from the Sensex pack are Lupin, Reliance, Dr Reddy’s Labs, ITC and ICICI Bank, all slumping between 1%-2.5%.

Lupin has extended losses and is down by over 2.5% despite robust first quarter earnings after operational performance was lower-than-expected.  India's third-largest drugmaker reported a 68% rise in first-quarter profit, beating analysts' expectations.

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