Markets continue losing streak for fourth session, Buying seen in IT stocks

New Delhi, Oct. 1 -- Indian Stock Markets on Thursday ended a highly volatile session with the benchmark indices ended lower. Markets continue to extend their losing streak for the fourth consecutive session.

At close, the Sensex was down 570.59 points or 0.79 percent at 71,909.70, and the Nifty was down 198.50 points or 0.88 percent at 22,421.95. Nifty Midcap index fell over 1 percent and Nifty Smallcap index losing nearly 1 percent.

Multiple factors dragged the markets including depreciating rupee, elevated US Treasury yields, higher crude prices and sustained FII selling weighed on sentiment. Buying was seen in IT stocks.

Among the sectors, Information Technology index added 2 percent and Telecom index gained 0.5 percent. On the other...