The domestic equity market extended its losses for the fourth straight session on Friday as surging crude oil prices amid geopolitical uncertainties dented investor sentiment. The market indices were trading higher in the early deals but pared their gains.

Market movement

"Benchmark indices closed in negative territory as elevated Brent crude oil prices, trading near a six-month high, and weak global cues continued to weigh on investor sentiment. Selling pressure remained broad-based, with the broader market witnessing a sharper decline than the frontline indices," Pabitro Mukherjee, Deputy Vice President Research, Bajaj Broking said.