New Delhi, July 15 -- Benchmark indices Sensex and Nifty continued their downward trend for the fourth consecutive session on Monday, weighed down by selling pressure in IT stocks and continued foreign fund outflows.

The BSE Sensex declined by 247.01 points, or 0.30%, closing at 82,253.46. It had slipped as much as 490.09 points, or 0.59%, to touch an intraday low of 82,010.38 before trimming some losses by the end of the session.

Meanwhile, the NSE Nifty ended 67.55 points, or 0.27%, lower at 25,082.30.

Since July 9, the Sensex has lost around 1,460 points, or 1.75%, while the Nifty has shed approximately 440 points, or 1.73%, over the four-session losing streak.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Ind...