Indian equity markets extended their losses on Tuesday, with the benchmark Nifty 50 slipping below the critical 24,000 level.
The decline was driven by heavy selling in the information technology and metals sectors, which dragged down the broader index after early consolidation failed to hold.
The Sensex also faced significant pressure, sliding more than 520 points as the sell-off intensified.
The Sensex also faced significant pressure, sliding more than 520 points as the sell-off intensified.
Weakness in IT stocks was a primary driver of the market's downward trajectory, reflecting ongoing concerns about the sector's near-term outlook.
Industrial metals also contributed to the broad-based decline, adding to the bearish sentiment across the board.
In contrast, pharmaceutical stocks emerged as a standout performer, bucking the negative trend.