Indian stocks extended their losses for the third straight session, coupled with a sharp fall in stocks in the US market as well as booking some profit after a recent month-long rally. At 9.27 am, the Sensex was trading at 58,661.81 points, up 112.06 points or 0.19 per cent. While the Nifty was trading at 17,478.75, down 11.95 points or 0.068 per cent. As of Thursday, Indian stocks extended their bull run for a fifth straight week, supported by fresh inflows of foreign investment as well as some moderation in inflation – both in the US and India. Besides, fresh softening in international crude oil prices influenced buying sentiment among investors. Last week, the total market capitalization of companies listed on the BSE reached an all-time high. Besides, the benchmark index Sensex touched the psychologically-important 60,000 mark on Wednesday after more than four months and the latter declined on the back of profit-booking. During the last five weeks, the benchmark indices – Sensex and Nifty – rose nearly 10 per cent on a cumulative basis, largely recovering all the losses so far in 2022. The latest rally in stocks made Indian investors rich by nearly Rs 25 trillion. ,