Indian equity markets remained under pressure by mid-afternoon on Tuesday, weighed down by weakness in PSU banks, realty, and pharma stocks. The Nifty 50 slipped below the 24,400 mark, trading at 24,373, down 88 points (-0.36%), while the Sensex dropped 192 points to hover around 80,604.
🔻 Broader Market Pain
- Nifty Midcap and Smallcap indices fell over 1%, showing signs of broader sell-off across sectors.
- Declines were more pronounced in mid-tier names like Indian Hotels (-6.18%), Godrej Properties (-5.34%), and Kalyan Jewellers (-5.17%).
📉 Sectoral Snapshot
- Worst Performer: Nifty PSU Bank Index tumbled 4.43%, dragged down by names like Bank of India and Indian Overseas Bank.
- Other Weak Sectors: Pharma, Realty, Media, and Power saw declines
