Markets are slipping due to rupee woes and FII outflows; Hopes of rate cuts keep bulls on edge

Markets opened cautiously on Wednesday and extended losses in early trade, with the Sensex falling 210.88 points or 0.25 percent to 84,927.39 from the previous close of 85,138.27. The index opened at 85,150.64. The Nifty fell 91.75 points or 0.35 percent to 25,940.45 from the previous close of 26,032.20 after opening at 26,004.90. “Nifty’s correction […]