Stock markets recap, Jan. 9 -- The Indian equity markets faced a challenging session on Thursday as benchmark indices extended their losing streak for the fourth consecutive day.

Nifty 50 concluded the session sharply lower, slipping below the psychological 26,000 mark to close at 25,884.15, down nearly 1%.

Similarly, BSE Sensex plummeted more than 700 points to finish at 84,277.00. Sentiment was severely dampened by heightened geopolitical jitters and renewed trade concerns following reports that the U.S. administration might impose steep tariffs on Indian goods related to Russian energy imports.

This triggered a broad-based sell-off, particularly in the Metals and Oil & Gas sectors, while IT and Auto also faced significant pressure. ...