Equity benchmarks logged losses of more than 1% in afternoon trade

Equity benchmarks today logged losses of more than one per cent in afternoon trade. Domestic indices declined mainly due to losses in banking, IT and auto stocks amid negative global cues and foreign fund outflow. The Sensex at Bombay Stock Exchange lost 457 points or 1.17 per cent to trade below 39,000 mark at 38,640 a short while ago. The Nifty at National Stock Exchange also fell 132 points to 11,456. The rupee at forex market also depreciated by six paise to 71 rupees and eight paise against...