Sensex, Nifty decline for third consecutive session

Indian stock indices, Sensex and Nifty, continued their decline for the third consecutive session due to concerns over a more hawkish stance by the US Federal Reserve. The benchmark indices fell by around 2% this week, with the IT sector leading the losses. Rising bond yields, higher oil prices, and inflation fears are contributing to the downward trend. Experts warn of a potential broad-based sell-off in Indian stocks.