D-St set for a negative opening as GIFT Nifty signals weak start

Domestic equities extended losses for a fourth consecutive session, with the Nifty declining. Investor sentiment remained fragile amid a sharp surge in Brent crude oil prices. Foreign portfolio investors net sold shares worth Rs 2,999 crore on Wednesday. The rupee traded in a narrow range, appreciating marginally by around 0.05%. Analysts suggest Indian equities are likely to remain under pressure in the near term.