The Indian stock market experienced a decline for the third consecutive session, with the Nifty index falling by 95 points to close at 23,431 and the Sensex dropping 241 points to 77,379. This broad-based selling was largely attributed to losses in major stocks, including Shriram Finance and IndusInd Bank, which were among the top losers in the Nifty 50. The market breadth indicated a significant preference for declines, with an advance-decline ratio of 1:6. Additionally, the BSE Large-cap Index decreased by 3.2%, while the Mid-cap and Small-cap indices fell by 5.7% and 6%, respectively. Despite the overall market downturn, Tata Consultancy Services (TCS) reported a robust performance, with a net profit of Rs 12,380 crore (approximately $1.4 billion) for the December quarter, marking an 11.95% increase year-on-year. The losses in the market were further exacerbated by surging crude prices and foreign institutional investor (FII) outflows, which contributed to the negative sentiment across various sectors.