Indian equities are poised for a fifth straight session of losses as GIFT Nifty signals a weak start. Investor sentiment has turned fragile following a sharp rise in Brent crude prices.
Domestic shares extended their decline for a fourth consecutive session. The Nifty is expected to open lower amid the weak cues.
Foreign portfolio investors sold shares worth Rs 2,999 crore on Wednesday. The rupee traded in a narrow range and gained about 0.05 percent.
Analysts said Indian equities are likely to face continued pressure in the near term.
