Daijiworld Media Network - Mumbai

Mumbai, Sep 25: Indian equity markets continued their downward spiral for the fifth straight session on Thursday, pressured by sustained foreign institutional investor (FII) outflows, broad-based profit booking, and a sharp selloff in IT sector stocks.

The benchmark Sensex slipped 555.95 points, or 0.68%, to close at 81,159.68, after opening lower at 81,574.31 and hitting an intraday low of 81,092.89. The Nifty 50 also mirrored the bearish sentiment, ending the day at 24,890.85, down 166.05 points or 0.66%.

An analyst attributed the extended selloff to concerns over ongoing US-India trade discussions, weak global cues, and fears of softer Q2 GDP growth, along with persistent FII outflows that have dampened investor sentiment.

“Markets remain under pre

See Full Page