Indices extend losing streak for third consecutive session

BENCHMARK INDICES FELL up to 0.62%, continuing their losing streak for the third straight session, as investors remained cautious ahead of the US Federal Reserve meeting outcome.

- KISHOR KADAM

After opening flat, the Sensex traded in positive territory briefly (intraday high of 80,868.02) but later succumbed to profit booking, hitting a low of 80,050.07. It finally ended the day at 80,182.20, down 502.25 points or 0.62%. Similarly, the Nifty 50 fell 137.15 points or 0.56%.

With Wednesday's fall, the Sensex has declined by close to 2,000 points or 2.38%, while the Nifty has dropped 569 points or 2.30% over the past three sessions.