Market Wrap: Sensex drops 120 pts, Nifty below 26,850 as D-St extends losing run to day 3

Indian equities ended lower for a third straight session as uncertainty over the U.S. Federal Reserve’s rate outlook and lack of progress on a U.S.–India trade deal weighed on sentiment. The Sensex and Nifty slipped marginally, while mid- and small-cap stocks saw sharper losses despite support from PSU banks and RBI-led rupee stabilisation.