<p>Mumbai: Equity market benchmark indices Sensex and Nifty stayed on the back foot for the fifth straight session on Thursday as investors offloaded metal, banking and finance stocks amid a lacklustre trend in global markets.</p><p>Heavy foreign fund outflows after a hike in securities transaction tax and short-term capital gains tax also impacted markets' sentiment negatively.</p><p>After a sharp fall in intra-day trade, the 30-share BSE Sensex managed to recover some of the lost ground to settle 109.08 points or 0.14 per cent lower at 80,039.80, as a sharp rally in Tata Motors and Larsen & Toubro restricted markets fall. During the day, it tanked 671 points or 0.83 per cent to 79,477.83.</p>.Stock markets fall for 4th day on selling in banking shares, STT hike.<p>The NSE Nifty dipped 7.40 points or 0.03 per cent to 24,406.10. Intra-day, it tumbled 202.7 points or 0.83 per cent to 24,210.80.</p><p>From the Sensex pack, Axis Bank declined over 5 per cent after the company's June quarter earnings failed to cheer investors.</p><p>Nestle, Titan, ICICI Bank, Tata Steel, IndusInd Bank, ITC, JSW Steel and State Bank of India were the other laggards.</p><p>Among the gainers, Tata Motors jumped nearly 6 per cent.</p><p>Larsen & Toubro, Sun Pharma, Kotak Mahindra Bank, Bajaj Finance and Power Grid also ended in the positive territory.</p><p>In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower.</p><p>European markets were trading in the negative territory. The US markets ended significantly lower on Wednesday.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,130.90 crore on Wednesday, according to exchange data.</p><p>Global oil benchmark Brent crude declined 1.73 per cent to USD 80.31 a barrel.</p><p>The BSE benchmark declined 280.16 points or 0.35 per cent to settle at 80,148.88 on Wednesday. The NSE Nifty dropped 65.55 points or 0.27 per cent to 24,413.50.</p>
<p>Mumbai: Equity market benchmark indices Sensex and Nifty stayed on the back foot for the fifth straight session on Thursday as investors offloaded metal, banking and finance stocks amid a lacklustre trend in global markets.</p><p>Heavy foreign fund outflows after a hike in securities transaction tax and short-term capital gains tax also impacted markets' sentiment negatively.</p><p>After a sharp fall in intra-day trade, the 30-share BSE Sensex managed to recover some of the lost ground to settle 109.08 points or 0.14 per cent lower at 80,039.80, as a sharp rally in Tata Motors and Larsen & Toubro restricted markets fall. During the day, it tanked 671 points or 0.83 per cent to 79,477.83.</p>.Stock markets fall for 4th day on selling in banking shares, STT hike.<p>The NSE Nifty dipped 7.40 points or 0.03 per cent to 24,406.10. Intra-day, it tumbled 202.7 points or 0.83 per cent to 24,210.80.</p><p>From the Sensex pack, Axis Bank declined over 5 per cent after the company's June quarter earnings failed to cheer investors.</p><p>Nestle, Titan, ICICI Bank, Tata Steel, IndusInd Bank, ITC, JSW Steel and State Bank of India were the other laggards.</p><p>Among the gainers, Tata Motors jumped nearly 6 per cent.</p><p>Larsen & Toubro, Sun Pharma, Kotak Mahindra Bank, Bajaj Finance and Power Grid also ended in the positive territory.</p><p>In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower.</p><p>European markets were trading in the negative territory. The US markets ended significantly lower on Wednesday.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,130.90 crore on Wednesday, according to exchange data.</p><p>Global oil benchmark Brent crude declined 1.73 per cent to USD 80.31 a barrel.</p><p>The BSE benchmark declined 280.16 points or 0.35 per cent to settle at 80,148.88 on Wednesday. The NSE Nifty dropped 65.55 points or 0.27 per cent to 24,413.50.</p>