New Delhi, Sept. 29 -- Indian equities were caught in a fresh wave of selling on Tuesday, with the benchmark indices extending their losses for a second consecutive session as a toxic mix of soaring crude oil prices, rising global bond yields, and a weakening rupee continued to rattle investor sentiment. The sell-off was broad-based, pushing the Nifty and Sensex to fresh three-month lows and raising questions over whether the market correction had further room to run.

The 50-stock Nifty touched an intraday low of 21,064, taking its two-session decline to around 571 points. The BSE Sensex, meanwhile, plunged more than 1,800 points across the two sessions, touching an intraday low of 72,064.

The pressure on Indian equities intensified as ...