Markets extend losses for 4th day even as IMD predicts normal rainfall

The market breadth, indicating the overall health of the market, turned negative by close

The benchmark indices on Tuesday erased entire intraday gains to extend losses for the fourth straight session as investors booked profit in banking stocks after Nifty PSU Bank index hit its 52-week high on expectations of robust March quarter earnings. 

The S&P BSE Sensex settled the day at 29,319, down 94 points, while the broader Nifty50 ended at 9,105, down 34 points. 

In the broader market, the BSE mid-cap (down 0.6%) and small-cap (down 0.7%) indices ended in red after hitting their respective record highs.

The market breadth, indicating the overall health of the market, turned negative. On the BSE,