New Delhi, Oct. 1 -- Indian equity benchmarks extended their losing streak for the fourth consecutive session on Thursday, with investors grappling with a combination of persistent foreign institutional investor (FII) selling, elevated bond yields, a weakening rupee and high crude oil prices. The pressure was broad-based, with the Nifty 50 and Sensex opening lower and falling further during intraday trade, while the Bank Nifty also declined.

The sustained selling comes as Indian equities head towards an eighth straight weekly decline, which would mark the first such streak since 2001. Concerns over global yields, currency weakness and the possibility of higher domestic interest rates have added to the pressure on risk assets.

The Nifty ...