Benchmark indices extended their decline for the eighth consecutive session on Tuesday, closing marginally lower on the monthly derivatives expiry day as investors stayed on the sidelines ahead of the Reserve Bank of India’s monetary policy committee meeting scheduled for October 1. The BSE Sensex dipped by 97.32 points or 0.12 per cent to end at 80,267.62, while the Nifty 50 was down by 23.80 points or 0.10 per cent to 24,611.10.

The persistent selling pressure has formed a rare Japanese candlestick pattern known as the Record Session Count, which typically signals potential exhaustion in bearish momentum. “On the final trading session of September, the benchmark index Nifty extended its losing streak, closing in the red for the eighth consecutive session,” said Sudeep Shah, Head - T

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