Stock market news, Dec. 11 -- The Indian stock market declined for the third straight session on Wednesday to close at nearly a one-month low, dragged by a fag-end selloff in consumer durables, private banks and IT shares. Investors stayed on the sidelines ahead of the US Federal Reserve outcome that was released in the overnight trade.

In a volatile session, the BSE Sensex dropped by 275 points, or 0.32%, to settle at 84,391, a level not seen since November 11, as per a PTI report. The 50-share NSE Nifty fell by 82 points, or 0.32%, to close at a month's low of 25,758.

The United States Federal Reserve cut its benchmark interest rate by 0.25%, bringing the federal funds rate to its lowest level in more than three years. The new target ...