Markets extend correction from life-time peaks
MUMBAI: Equity benchmark indices declined in early trade on Monday, extending corrections from their life-time peaks for the second consecutive session, dragged down by index heavyweight Reliance Industries after the company missed street estimates due to weak performance in oil-to-chemicals (O2C) business.Foreign fund outflows and crude oil prices hovering above $80 per barrel also weighed on equity markets as traders were awaiting the US Federal Reserve's monetary policy decision to be announced this week.The 30-share BSE Sensex declined 87.24 points or 0.13 to 66,597.02. The broader NSE Nifty fell 10.65 points or 0.05 per cent to 19,734.35.From the Sensex pack, Kotak Mahindra tanked more than 3 per cent and Reliance tumbled close to 2 per cent in the initial trade."RIL Q1 Results misse...