FX.co ★ Indian Stocks Down for 3rd Day

On Wednesday, India's BSE Sensex experienced a decline, wiping out initial gains to close approximately 0.3% lower at 84,391. This marked the third consecutive day of losses as intensified selling pressure emerged in the final trading hour, in anticipation of the US Federal Reserve's policy announcement. Investors are largely expecting a 25 basis point rate cut; however, concerns linger regarding a potentially more hawkish outlook for 2026, creating market unease. Concurrently, the domestic market remained under strain due to sustained foreign institutional investor outflows, currency depreciation, and setbacks in finalizing the US-India trade agreement despite ongoing negotiations. Notably, Eternal, Trent, Bharti Airtel, Infosys, and Tech Mahindra led the decline, with losses ranging from 0.8% to 3%. Conversely, Tata Steel, Sun Pharmaceuticals, ITC, NTPC, HCL Technologies, and PowerGrid emerged as top performers, gaining between 0.4% and 0.9%.