Sensex Dips 350 Pts, Nifty Below 26,050 Amid FII Selling & Profit Booking

• Sensex fell 367.25 points (0.43%) to 85,041.45; Nifty declined 99.80 points (0.38%) to 26,042.30.
• Foreign Institutional Investors (FIIs) sold shares worth Rs 1,721.26 crore, marking the third consecutive selling session.
• Rupee depreciated 23 paise to 89.94 against the US dollar due to foreign fund outflows and rising crude oil prices.
• Crude oil prices edged higher, with Brent crude at USD 62.48 and US WTI at USD 58.58 a barrel.
• Profit booking was observed across key sectors, with Shriram Finance and Sun Pharmaceutical Industries among top laggards.

Why It Matters: Indian markets fell due to FII selling, rupee depreciation, rising crude, and profit booking.