Markets extend losses for 4th day amid selling pressure, oil price surge
India, Oct. 23 -- Benchmark equity indices Sensex and Nifty ended lower for the fourth consecutive session on Friday as crude oil prices breached the $ 114 level amid escalating tensions in West Asia, keeping investors on edge.
A broad-based selling across sectors and FII outflows amid weak global trends also dampened investor sentiment.
The 30-share BSE Sensex opened higher but later plunged 797.02 points, or 1.08 per cent, to hit an intraday low of 72,452.37. It later recouped some losses to settle at 73,123.83, down 125.56 points, or 0.17 per cent. The 50-share NSE Nifty dropped 87.65 points, or 0.39 per cent, to close at 22,600 after tumbling 315.65 points, or 1.39 per cent, to a low of 22,372. Tata Steel and Adani Ports fell over 3...
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