Indian shares extend losses to 2 pct

MUMBAI, Aug 31 (Reuters) - Indian shares extended losses to 2 percent on Monday afternoon, as investors cashed in profits after the market jumped 7.5 percent over the past 1-½ weeks and as weak overseas peers weighed on sentiment.

At 2:03 p.m. (0833 GMT), the 30-share BSE index .BSESN was down 2 percent at 15,611.85 points, with 24 stocks declining.

The 50-share NSE index .NSEI was down 1.9 percent at 4,642.05. (Reporting by Pratish Narayanan)