Indian equity benchmarks, the Sensex and Nifty, closed lower for the fourth consecutive session, influenced by foreign portfolio investor (FPI) selling and a weakening rupee. Trading volumes remained muted due to the year-end holiday period and a lack of strong domestic triggers. Investors are cautious ahead of the upcoming Q3 corporate earnings season and await clarity on the India-US trade deal. Broader markets underperformed frontline indices, with a weak market breadth indicating more decliners than advancers.