Indian stocks drop for fourth day as rupee stays weak

Indian stock markets fell again on Wednesday, marking the fourth straight day of losses after reaching record highs last week. Investors are booking profits, foreign funds are pulling out money, and the weak rupee is hurting market mood. The Nifty opened at 26,004, slightly lower than Tuesday, while the Sensex opened a bit higher at 85,150. Both had hit all-time highs on November 27 before starting to decline.Read more…