Mumbai: Benchmark indices Sensex and Nifty pared early gains to close lower for the seventh straight day on Thursday, dragged by fag-end selling in select IT and banking shares and foreign fund outflows.

The 30-share BSE Sensex dipped 32.11 points or 0.04 per cent to settle at 76,138.97. The index stayed in the positive zone for the most part of the session. The benchmark gyrated 751.1 points between the day's high of 76,764.53 and low of 76,013.43. The NSE Nifty slipped 13.85 points or 0.06 per cent to 23,031.40. “Despite initial market optimism driven by easing domestic inflation data, the rally lost momentum amid uncertain global cues and subdued corporate earnings. Furthermore, a surge in Chinese technology stocks, fuelled by heightened interest in artificial intelligence, redirected FIIs in pursuit of more attractive returns. Market participants are now closely monitoring the outcome of the Trump-Modi discussions for any trade and tariff concessions for a potential pullback rally,” Vinod Nair, head (research), Geojit Financial Services.