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Equity benchmark indices extended their decline for the fourth consecutive session during early hours on Wednesday after massive sell-offs in global markets amid concerns over coronavirus cases spreading beyond China. The BSE S and P Sensex was down by 261 points or 0.65 per cent to 40,020 while the Nifty 50 tumbled by 81 points at 11,717. All sectoral indices at the National Stock Exchange were in the negative terrain with Nifty metal down by 1.32 per cent, auto by 1.14 per cent, realty by 1.02 per cent and IT by 0.94 per cent. Among stocks, Hindalco dipped by 2.3 per cent at Rs 170.35 per share while Tata Steel lost by 1.6 per cent to Rs 414.35. Sun Pharma and Cipla were down by 2.4 per cent and 2.1 per cent respectively. Tata Motors, Eicher Motors, Bharti Infratel, Wipro and GAIL traded with a negative bias. Hindustan Lever, Britannia, Dr Reddy's, Asian Paints and Power Grid Corporation were marginal gainers.