Markets extend losses for second straight session; Sensex slips 186 points

Equity indices languished for the second straight session on Tuesday as investors pared back their exposure to riskier assets amid a cautious trend in global markets due to a fresh spurt in Covid-19 cases in many countries.

A weakening rupee and the fiscal impact of the government's new stimulus measures also sapped risk appetite, traders said.

The 30-share BSE Sensex ended 185.93 points or 0.35 per cent lower at 52,549.66. Similarly, the broader NSE Nifty tumbled 66.25 points or 0.42 per cent to 15,748.45. Kotak Bank was the top loser among the Sensex constituents, shedding 1.54 per cent, followed by ICICI Bank,