New Delhi, Aug. 12 -- After a sharp rally, Indian equities resumed their losing streak in Tuesday's session (August 12) as investors remained cautious ahead of key US inflation data, which is likely to shape the Federal Reserve's path on interest rates.

Profit booking also weighed on markets, leading the Nifty 50 to close 0.40% lower at 24,487 points, while the S&P BSE Sensex fell 0.46% to 80,233 points. Both indices erased around 50% of the gains recorded in the previous session, while the broader markets also ended in the red.

Data due Tuesday is expected to show that US consumers saw a slight pickup in inflation as retailers gradually raised prices on various items subject to higher import duties.

In the US, the core consumer price ...