Mumbai, July 24 -- Indian indices continued to extend its losses for the fifth consecutive session, with the Sensex falling over 400 points and the Nifty holding below 23,900 amid a sustained rally in oil prices along with persistent FII outflows and subdued global cues.

Both the indices opened with a gap-down on Friday with Sensex opening at 75,708.19 as against the previous close of 76,391.39 and Nifty at 23,666.35 as against the previous close of 23,869.60.

Sensex was trading at around 75,984.17, down 407.22 points or 0.53 per cent while Nifty was trading at around 23,736.65, down 132.95 points or 0.56 per cent at the time of reporting.

Sectorally, almost all indices traded in the red while Nifty Auto and Media were trading in the p...