Indian Equities Plunge: Nifty Dips Below 25,900, Rupee Hits Record Low

• Indian equities closed sharply lower on Tuesday, with Nifty falling below 25,900 and 38 of 50 index stocks in red.
• The rupee hit a fresh record low of 91.08 against the US dollar, declining over 1% in five trading days.
• Midcap losers included PB Fintech, Bharat Dynamics, SAIL, and Jubilant FoodWorks, with PB Fintech down nearly 6% due to insurance bill developments.
• Axis Bank slumped over 5% on NIM pressure, and RBL Bank declined after its CFO's resignation.
• Vedanta rebounded 5% on NCLT demerger approval, Bharti Airtel gained 2% on target price hike, and fertilizer stocks rose.

Why It Matters: Indian markets saw a sharp decline, Nifty below 25,900, rupee at record low, despite some stock gains.