Indian equity markets extended their losses for another session on Thursday, September 3, with benchmark indices the BSE Sensex and NSE Nifty 50 wiping out their morning gains to close in the red as persistent tensions in the Middle East and elevated crude oil prices weighed on sentiment, offsetting gains in financial stocks.
Strong NRI deposit inflows, however, provided support to the banking sector, easing pressure on the rupee and tempering concerns over tighter domestic liquidity and interest rates.
