Sensex, Nifty extend losses to 3rd day tracking weak global cues

Equity indices surrendered mid-session gains to close lower for the third day in a row on Friday as participants remained cautious amid geopolitical uncertainties in eastern Europe.

Persistent selling by foreign investors and expectations of policy tightening by global central banks kept sentiment muted, traders said.

After swinging about 700 points between gains and losses, the BSE Sensex finally closed 59.04 points or 0.10 per cent lower at 57,832.97.

On similar lines, the NSE Nifty edged lower by 28.30 points or 0.16 per cent to settle at 17,276.30.

The Sensex was dragged lower by mainly UltraTech Cement, M&M, Infosys, Reliance Industries, Bajaj Finance and