Domestic equities extended losses for the fourth consecutive session, with the Nifty declining 0.5% to close at 23,870. Investor sentiment remained fragile amid a sharp surge in Brent crude oil prices following escalating geopolitical tensions in West Asia, FII selling and cautious global cues, which outweighed support from the ongoing earnings season. Analysts say Indian equities are likely to remain under pressure in the near term as elevated crude oil prices remain a key overhang.
STATE OF THE MARKETS
