Indian Equities Extend Losing Streak to Seventh Day Amid Crude Oil Price Surge

The Indian equities market extended its losing streak for the seventh consecutive day on Wednesday, with the Sensex falling by 326 points and the Nifty managing to stay above 24,000.

Despite weak breadth and continued selling in IT, capital goods, and defence stocks, both foreign institutional investors (FIIs) and domestic institutional investors (DIIs) ended the session as net buyers.

The NSE is expecting the Securities and Exchange Board of India (SEBI) to approve its initial public offering (IPO) draft red herring prospectus (DRHP) within the next two weeks, according to sources.