Markets Extend Losses on Rupee Weakness, FII Outflows

Sensex and Nifty fell on Tuesday amid persistent FII selling, a record-low rupee and weak global cues. Sensex dropped 423 points and Nifty slipped below 25,900 (at the time of posting).

Axis Bank and JSW Steel led losses, while Nestle and Bharti Airtel gained. Caution prevailed ahead of US jobs data and weekly derivatives expiry.