Nifty Dips Below 25,850 as Financials Drag Market for Third Day

• Indian stock market closed lower for the third consecutive session, with Nifty falling below 25,850 and Sensex down 120 points, primarily due to selling pressure in heavyweight financial stocks.
• Broader markets underperformed, with the Nifty Midcap index sliding 322 points and Nifty Bank also ending lower, indicating widespread declines.
• Global cues like rising Japanese bond yields and softer US labor data contributed to market pressure, alongside continued foreign fund outflows and weakness in emerging markets.
• Despite the overall downturn, the rupee appreciated nearly 1% against the US dollar, and select stocks like Meesho, Hindustan Zinc, Shriram Finance, OMCs, and PSU banks saw gains.
• Key losers included M&M, Larsen & Toubro, Max Healthcare, Indian Overseas Bank, Akzo Nobel India, Ola Electric Mobility, and Sammaan Capital due to various specific reasons.

Why It Matters: Nifty falls for third day, financials and global uncertainty weigh heavily on Indian market.