<h1>FIIs extend equity selloff, Sensex and Nifty fall for third day amid rupee weakness and Fed rate worries</h1> Indian equity markets declined for the third consecutive session, with the BSE Sensex falling 313.70 points (0.37%) and the NSE Nifty losing 74.70 points (0.29%), driven by foreign institutional investor (FII) equity offloading of approximately Rs 4,171 crore despite higher domestic institutional investor (DII) purchases. Major declines were recorded in IT, auto, banking, and finance stocks, while select public sector, steel, telecom, and energy stocks gained. Market volatility was heightened by a weakening rupee, continued FII outflows, and investor caution ahead of the upcoming US Federal Open Market Committee (FOMC) decision on potential rate cuts and developments in the Indo-US trade deal, against a backdrop of mixed global market cues and softening Brent crude prices.