The domestic equity benchmark indices declined for the third consecutive session on Thursday, as surging crude oil prices, amid escalating tensions in West Asia, weighed on investor sentiment.

Sensex, Nifty decline

"Inflation concerns took centre stage today as renewed escalation in West Asia sent crude prices sharply higher. The rupee reversed its recent trend, weakening steadily through the session, which weighed on investor sentiment. Although the benchmark indices attempted a recovery led by banking stocks, the move failed to sustain at higher levels," Vinod Nair, Head of Research, Geojit Investments said.