Market Extends Losses: Nifty Dips Below 25,900, Sensex Drags 533 Pts

• Indian equity markets fell for the second consecutive day on December 16, driven by rupee depreciation and India-US trade deal uncertainty.
• Nifty closed at 25,860.10, down 167.20 points, while Sensex dropped 533.50 points to 84,679.86.
• Indian rupee hit a record low of 91.08 per dollar, losing 1% in five trading sessions.
• Most sectoral indices, including realty, oil & gas, and metal, ended in the red, with over 120 stocks hitting 52-week lows.
• Experts predict Nifty may drift lower towards 25,700, with 25,950-26,000 acting as crucial resistance.

Why It Matters: Indian markets extended losses due to weak rupee, trade deal uncertainty, and global cues.