<h1>Stock market downturn as profit booking and monetary policy expectations drive losses and cross border capital outflows.</h1> Equity indices fell for a second day as profit taking in banking, oil and IT stocks, combined with persistent foreign institutional outflows, rupee weakness and cautious global cues ahead of major central bank meetings, drove volatility; FII selling was partly offset by DII buying, and near term direction hinges on central bank guidance, currency movement and capital flows.