New Delhi, Jan. 16 -- Indian equity markets experienced another session of consolidation on Wednesday as the benchmark indices settled lower for the second consecutive day. Nifty 50 slipped 66.70 points, or 0.26%, to end at 25,665.60, while the S&P BSE Sensex fell 244.98 points, or 0.29%, to close at 83,382.71. Sentiment remained fragile due to persistent foreign institutional investor (FII) outflows and renewed concerns over potential U.S. trade tariffs.

Sectoral performance was markedly divergent. Nifty IT and Realty indices faced significant selling pressure, led by a 2.3% drop in TCS. Nifty Metal and PSU Bank sectors provided a crucial cushion. Tata Steel emerged as the top gainer, surging 3.7%, supported by rising base metal prices....