Sensex, Nifty Drop for 3rd Day; Maruti, TMPV Lead Losses Amid Global Cues

• Indian benchmark equity indices, Sensex and Nifty, closed lower for the third consecutive session on Wednesday.
• The BSE Sensex fell 102.20 points (0.12%) to 84,961.14, while the NSE Nifty50 dropped 37.95 points (0.14%) to 26,140.75.
• Maruti Suzuki, Tata Motors Passenger Vehicles, Power Grid, HUL, Asian Paints, and Tata Steel were among the top Sensex losers.
• Morgan Stanley reiterated a constructive outlook on Indian equities, targeting Sensex at 95,000 by Dec 2026 in its base case.
• Global markets were mixed: Australia's CPI eased, South Korea's Kospi gained, Japan's Nikkei slipped, and US Wall Street hit record highs.

Why It Matters: Indian markets fell for the third day amid global cues, but Morgan Stanley remains bullish on equities.