Stock market recap, Dec. 4 -- Indian equity markets experienced broad-based profit-booking on Wednesday, 3 December, extending their corrective phase for the fourth consecutive session amid persistent caution over the depreciating rupee and global cues.

Nifty 50 closed 108.10 points (-0.42%) lower, settling at 25,924.10, while Sensex shed 308.91 points (-0.35%), finishing at 84,841.73. Selling pressure was pervasive across the broader market, evidenced by a weak advance-decline ratio of approximately 1:3 across the BSE 500 stocks, indicating a significant tilt towards declines.

From a sectoral perspective, banking and financial services, especially PSU Bank index (-3.20%), was the hardest hit. On the other hand, Nifty IT (+0.76%) emerge...