Sensex, Nifty Extend Losses for 3rd Day; Financials Drag Market Down

• Indian equity benchmarks fell for the third consecutive session on Wednesday, December 17.
• Sensex dropped 120 points to 84,560; Nifty slipped 42 points to 25,819, below 25,850.
• Financial heavyweights and large-cap stocks like M&M, L&T weighed on the market.
• Nifty Midcap underperformed, declining 322 points; Max Healthcare, Polycab among top losers.
• Meesho surged 20% on UBS buy call; Indian Overseas Bank fell 6% on stake sale news.

Why It Matters: Indian markets extended their losing streak, driven down by financials and midcap underperformance.