Extending losing streak for second straight session, Indian equity benchmark -- Nifty ended deeply in red on Monday as intensified geopolitical tensions weighed on market sentiments. Index made a gap-down start following pessimistic cues from other Asian markets after Middle East conflict escalated over the weekend, fueled brent crude oil prices to $110 per barrel mark and created further supply disruptions in the region. Besides, sentiments remained weak amid persistent foreign fund outflow. As per exchange data, foreign institutional investors offloaded equities worth Rs 6,030.38 crore on Friday. Meanwhile, rupee depreciation to all-time-low of 92.35 against U.S. Dollar, also impacted trading sentiments. However, in second half of the session, Nifty pared some of its losses but eventually ended the session above 24,000 mark.
