Share market highlights: After opening lower, the headline indices Sensex and Nifty extended losses in the afternoom trade, tracking weak global cues. The Sensex is ended 305 points down to 38,031.31 while the Nifty is trading above the 11,300-mark. HDFC twins, Bajaj Finance, Kotak Mahindra Bank shares are among the biggest losers, shedding more than 2% each. RIL, VEDL shares are among the biggest gainers, jumping up to 2.5%. Yes Bank shares closed 10% higher at Rs 91.15. Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1%. Global equity markets had risen briefly towards the end of last week after dovish comments by New York Fed President John Williams boosted the prospect of the central bank lowering rates by 50 basis points at its July 30-31 meeting, Reuters reported.