Markets extend losses for 5th session

July 25, 2024 17:22

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, traders said. However, strong buying in oil & stocks, energy and auto shares helped the indices offset some losses, they added.

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