Sensex Dips 346 Pts, Nifty Below 25,950; Auto, IT, Realty Drag Market

• Indian benchmark indices, Sensex and Nifty, extended their fall for the third consecutive session on December 29.
• Sensex dropped 345.91 points (0.41%) to 84,695.54, while Nifty fell 100.2 points (0.38%) to 25,942.10.
• Broad-based selling, persistent foreign fund outflows, and geopolitical developments fueled the market decline.
• Auto, IT, pharma, realty, and power sectors were major laggards, with only the media index ending higher.
• Experts predict continued weakness and consolidation, advising selective trading amidst potential intraday volatility.

Why It Matters: Indian markets extended losses due to broad selling and outflows, with experts forecasting continued weakness.