New Delhi, Aug. 14 -- The Indian stock market remained lower for the fourth straight day on Friday, August 14, tracking a sharp jump in crude oil prices as prospects of an immediate deal to reopen the Strait of Hormuz faded, while renewed selling by overseas investors kept the market under pressure.

The Nifty closed 0.12% lower, while the Sensex fell 0.19% to 77,931. The broader markets also extended their losing streak, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices ending in the red.

In terms of sectoral performance, pharma led the losses, declining 0.90%. It was followed by metals, auto, cement, PSU banks, and Nifty Oil & Gas, all of which fell by more than 0.50%. On the gaining side, only media and consumer durables e...