Stock Market Live: Nifty, Sensex Extend Decline As Rupee Weakens To Record Low; Axis Bank, RIL Drag

While we are tracking the market decline, you can take a look at the live updates on the IPL auction that will begin in sometime.

Get live updates on the latest bids here.

The ICICI Prudential AMC IPO was subscribed 5.52 times at 12:23 p.m. on Tuesday.

• Qualified Institutional Buyers (QIBs): 7.43 times

• Non-Institutional Investors (NIIS): 12.16 times

• Retail Individual Investors: 1.48 times

• Reservation for ICICI Bank shareholders: 6.16 times.

The finance minister Nirmala Sitharaman on Tuesday has tabled the Insurance Bill 2025 in the Lok Sabha.

• Indian equities were trading lower after snapping its two day winning streak. Nifty fell nearly 0.11% at 25,980.75 and Sensex fell nearly 500 points to 84,695.01 as of 12 p.m.

• Intraday, both Nifty and Sensex fell nearly 0.60%.

• Nifty fell 0.58% to 25,877.25.

• Sensex fell 0.60% to 84,700.36.

• Broader indices were trading lower. Nifty Midcap 150 fell 0.77%; Nifty Smallcap 250 was trading 0.62% lower.

• Most sectoral indices fell, led by Nifty Defence and Nifty Metal.

• Nifty Bank fell 0.73%, Nifty IT was down nearly 1%.

• Bharti Airtel, Titan, M&M, ITC and Tata Consumers were top Nifty gainers.

• Axis Bank, Eternal, Reliance Industries, HDFC Bank and L&T were top Nifty losers.

Rupee hits record low of 91 against US Dollar.

Rupee falls over 1% against the US Dollar in last five trading sessions.