Markets Slip on Fed Caution, FII Selling and Weak Rupee

Benchmarks fell as profit booking and foreign outflows weighed ahead of the US Federal Reserve meeting. Sensex dropped 326 points and Nifty fell below 26,100 (at the time of posting). InterGlobe Aviation led losers, while HDFC Life Insurance Company and

Tech Mahindra gained. Rising crude, weak rupee and higher India VIX added pressure.