Sensex, Nifty Fall for 3rd Day: Financials, Midcaps Drag Market Post-Noon

• Indian stock market declined for the third consecutive session on Wednesday; Sensex fell 120 points to 84,560, and Nifty dropped 42 points to 25,819.
• Financial stocks, heavyweights like Mahindra & Mahindra and Larsen & Toubro, and the broader midcap segment were key contributors to the market's downturn.
• Nifty Midcap index fell 322 points; Max Healthcare, Cochin Shipyard, Polycab, FACT, Colgate-Palmolive India were among the top midcap losers.
• Meesho surged 20% on a UBS 'Buy' call, while Indian Overseas Bank, Akzo Nobel India, Ola Electric, and Sammaan Capital saw significant declines.
• Rupee strengthened by 1%; investors are advised to proceed cautiously in the volatile midcap segment.

Why It Matters: Indian market fell for 3rd day, led by financials & midcaps; caution advised for investors.