Stock Market Plunges: Sensex Dips 400 Pts, Nifty Below 26,050 Amid FII Selling, Rupee Weakness

• Indian stock markets declined for the second consecutive day on December 26, with Sensex falling 367.25 points and Nifty closing below 26,050.
• The rupee depreciated by 23 paise to 89.94 against the US dollar, pressured by foreign investor withdrawal and rising crude oil prices.
• Foreign Institutional Investors (FIIs) withdrew Rs 1,721.26 crore, marking the third consecutive day of selling, as US markets became more attractive.
• Global crude oil prices surged, with Brent crude reaching $62.48 per barrel, a negative signal for major oil importers like India.
• Profit booking in major stocks like Shriram Finance and Sun Pharmaceutical Industries contributed to the market's downturn.

Why It Matters: Indian markets fell for a second day due to FII selling, weak rupee, rising crude, and profit booking.