Sensex drops over 300 points, Nifty slips below 25,900 as IT shares remain under pressure.

Indian equities witnessed a sharp decline on Tuesday, with both the Sensex and Nifty extending the previous day’s steep losses. Market sentiment remained fragile as investors awaited the U.S. Federal Reserve’s policy announcement and remained cautious amid uncertainty surrounding a U.S. trade pact. Broader markets started on a weaker note, and most sectoral indices traded in negative territory. Technology and automobile stocks led the downturn, while pharmaceutical, metal, financial, and mid-cap segments also faced substantial selling pressure. Consumer-focused stocks stayed subdued, mirroring the overall cautious mood. Only public sector banks showed notable strength, indicating selective buying even as the market followed a risk-averse trend. 5 Reasons Behind Today’s Market Decline Concerns ahead of the U.S. Federal Reserve policy outcome Sharp correction in global equity markets Intensifying foreign investor outflows Nifty derivatives expiry driving additional volatility Weakening rupee adding further pressure