Sensex slips 100 pts, Nifty below 26,000 amid heavy FPI selling, weak rupee

Indian stocks opened lower on Thursday, extending a losing streak to a fifth session as foreign investors resumed heavy selling and the rupee hit a fresh record low. Investors are exercising caution ahead of the Reserve Bank of India’s policy decision and guidance due Friday. The Sensex and Nifty both slipped in early trading.