<h1>Sensex Drops 425 Points Amid Selling in Auto, Pharma, and Banking Shares; Foreign Fund Outflows Continue</h1> The Sensex fell for the fourth consecutive day, dropping nearly 425 points due to selling in auto, pharma, and banking shares, alongside persistent foreign fund outflows. The Sensex settled at 75,311.06, while the Nifty declined to 22,795.90. Key laggards included Mahindra & Mahindra, Adani Ports, and Tata Motors. Despite gains in metals, other sectors like banking, IT, and auto saw declines. Foreign Institutional Investors sold equities worth Rs 3,311.55 crore. Concerns over prolonged higher interest rates and valuation uncertainties are impacting the market, with India underperforming compared to Asian peers. Global markets showed mixed results.