Mkts crash: Sensex sheds over 1000 pts

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Bangalore, March 17: India's main share index extended losses to more than 6 percent by Monday afternoon, joining a global equities rout on growing fears of financial trouble after a fire sale of Bear Stearns and the U.S. Fed cut its discount rate.

Index heavyweights ICICI Bank and Reliance Industries led the losses.

At 4:04 p.m., the 30-share BSE index was down 6.25 percent, or 984.94 points, at 14,775.58, with all its components falling.