Markets extend losses for fourth day; Bajaj Finserv falls over 2%

Equity benchmarks stayed on the backfoot for the fourth consecutive session on Thursday as IT and finance counters bore the brunt of hectic selling amid weak Asian cues.

A continuously declining rupee and grim macroeconomic data also sapped investor confidence, traders said.

The 30-share BSE Sensex ended 164.11 points or 0.31 per cent lower at 52,318.60. Similarly, the broader NSE Nifty shed 41.50 points or 0.26 per cent to close at 15,680.

Bajaj Finserv was the top laggard in the Sensex pack, tumbling 2.20 per cent, followed by Infosys, UltraTech , Tech Mahindra, IndusInd Bank, Bajaj Finance and HDFC Bank. On the other