Stock market bleeds! Nifty drops below 11K, Sensex loses 460 pts despite F&O expiry

The Indian indices extended its losses as both Sensex and Nifty lost near 1.2 per cent in the intraday trade on Thursday. The BSE Sensex lost 462 points and closed just above 37,000 levels while the Nifty-50 index lost the psychological 11,000 levels and closed at 11,980 levels after losing 138 points on Thursday. The Bank Nifty index nosedived 508 points and closed at 28,367 levels, below the storing support at 28,450 levels.