Sensex, Nifty slip as midcaps drag; Rupee hits record low

The Nifty 50 fell 124 points to 26,068, while the Sensex dropped 401 points to 85,232. Selling was sharper in the broader market, where the Midcap index lost 687 points to 60,276, extending its recent underperformance. The Nifty Bank also declined, slipping 480 points to 58,867.

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