Indian shares fall 3 pct on weak global markets

MUMBAI, July 8 (Reuters) - Indian shares extended losses to 3 percent on Wednesday morning, mirroring the weakness in global stocks which declined on concerns over economic recovery.

Energy group Reliance Industries (RELI.BO) and engineering and construction firm Larsen and Toubro (LART.BO) contributed the most to the losses.

At 10:35 a.m. (0505 GMT), the 30-share BSE index was down 2.94 percent at 13,754.42 points after falling as low as 13,720.07.

The 50-share NSE Index was down 3.17 percent at 4,069. (Reporting by Ami Shah)