Sensex, Nifty Dip Ahead of Christmas; Oil & Gas, IT, Pharma Drag Markets

• Indian equity benchmarks Sensex and Nifty50 closed lower on Wednesday.
• Sensex fell 116.14 points to 85,408.70; Nifty declined 35.05 points to 26,142.10.
• Oil & Gas, Pharmaceutical, and Information Technology sectors were the primary drag.
• Broader markets showed mixed performance, with Nifty SmallCap 100 advancing while Nifty MidCap 100 declined.
• Global cues were mixed: Asia-Pacific varied due to holiday, while US markets rose on strong GDP data.

Why It Matters: Indian markets closed lower, led by Oil & Gas, IT, and Pharma, ahead of the Christmas holiday.