The sell-off extended in afternoon trade with the equity benchmarks as well as broader markets falling 1 percent each. Banks, auto, healthcare, FMCG and oil stocks remained under pressure on profit booking after the market priced in RBI policy.

The 30-share BSE Sensex was down 283.06 points at 27802.10 and the Nifty down 93.35 points at 8584.90. About 1836 shares declined against 747 advancing shares on the Bombay Stock Exchange.