New Delhi, Aug. 7 -- Indian equity indices extended losses for a second straight session on 6 August, with Nifty closing below 24,600. Sensex ended 166.26 points lower, or 0.21%, at 80,543.99, while Nifty declined 75.35 points, or 0.31%, to settle at 24,574.20.

After a flat opening, Nifty traded in a narrow range throughout the day and closed near the day's low. Market participants largely stayed on the sidelines ahead of the RBI's Monetary Policy Committee (MPC) decision. As anticipated, the central bank kept the policy rate unchanged and maintained a neutral stance, leading to a muted reaction across the market.

Nifty 50 ended the session on a cautious note, reflecting investor anxiety ahead of the RBI policy announcement and global t...