The Indian equity market indices extended loses for the second day on Thursday, amid lack of optimism in the global markets.

The Indian stock market  indices snapped a four day winning streak,amid concerns over the US Congress's approval of the debt deal.

India's economy grew at 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent.

The RBI has said that India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures.

The Indian equity indices closed higher for the fourth straight session on Tuesday,following strong global market sentiments.

India's foreign exchange reserves experienced a significant decline of $6.1 billion during the week ended 19 May'23.