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Markets extend losses for 5th session
July 25, 2024

Equity market benchmark indices Sensex and Nifty stayed on the back foot for the fifth straight session on Thursday as investors offloaded metal, banking and finance stocks amid a lacklustre trend in global markets. Heavy foreign fund outflows after a hike in securities transaction tax and short-term capital gains tax also impacted markets' sentiment negatively.

 After a sharp fall in intra-day trade, the 30-share BSE Sensex managed to recover some of the lost ground to settle 109.08 points or 0.14 per cent lower at 80,039.80, as a sharp rally in Tata Motors and Larsen & Toubro restricted markets fall. During the day, it tanked 671 points or 0.83 per cent to 79,477.83.
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