New Delhi, Oct. 23 -- India's stock market gave up early gains on Friday to extend losses into a fourth trading session, as surging oil prices on Middle East tensions outweighed gains in IT stocks, which rose after a global selloff in AI-linked shares.

The NSE Nifty 50 fell as much as 1.23% to an intraday low of 22,407.05 points even as the BSE Sensex shed 1.04% to 72,487.47. They had risen about 0.3% and 0.6% in early trade, before reversing their gains.

The equity benchmarks lost about 2% in the last three sessions, with sentiment dampened by a rise in Brent crude oil futures to about $114 a barrel, on energy supply fears after attacks on top exporter Saudi Arabia by Yemen's Houthis.

"Brent near $114 is a dominant risk for India," sa...