India's BSE Sensex finished about 0.3% down at 81,909.6 on Wednesday, the lowest level since early October, marking the third straight session of losses. Market sentiment continued to be dented by escalating geopolitical tensions, tepid corporate earnings and sustained foreign outflows. More positively, European Commission President Ursula von der Leyen said that India and the European Union are nearing the finalisation of a Free Trade Agreement, with an announcement expected at the India–EU summit in New Delhi on 27 January 2026. Selling pressure was evident across major banking and consumer shares. ICICI Bank (-2%), Trent (-2%), BEL (-1.4%), Axis Bank (-1.2%), L&T (-1.1%) and HDFC Bank (-1.1%) were the top drags. On the opposite side, Eternal outperformed, rising nearly 5%, amid optimism around its third-quarter results. Ultratech (+1.3%), IndiGo (+1.1%) and Reliance (+1%) also advanced firmly.