Sensex, Nifty Extend Losses Amid Weak Rupee and FII Outflows

Markets slipped on Tuesday as the Sensex fell 322points and Nifty dropped 95 points (at the time of posting), weighed down by a record-low rupee, persistent FII selling, weak global cues and profit-booking in private banks.

ICICI Bank and HDFC Life led losses, while Dr. Reddy’s and Asian Paints saw modest gains.