Markets extend losses for 5th session
July 25, 2024 16:14
![image](https://im.rediff.com/money/2023/jun/03sensex1.jpg)
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.