Indian equity markets fell as index heavyweighIndian equity markets extended the winning rally for the second successive days mirroring the weak cues from the global markets. Escalated geopolitical conflicts in the Middle East raised uncertainty on the global growth. Further, rise of U.S. treasury yields followed by hawkish comments from the Federal Reserve official also added volatility in the markets. However, decline in oil prices European trade limited the losses.t banking stocks dragged down the benchmark indices. Losses were restricted due to upbeat domestic macroeconomic data like Industrial Output which rose to a 14-month high in Aug 2023 and retail inflation which eased below RBI’s upper tolerance level in Sep 2023.