The benchmark Sensex declined 319 points to end at 77,187, while the Nifty fell 121 points to settle at 23,361. Broader market sentiment remained weak as midcap stocks underperformed, with the Nifty Midcap index slipping 497 points to 52,

BSE Sensex and Nifty50, the Indian equity benchmark indices, rallied strongly in trade on Tuesday. While BSE Sensex surged over 900 points, Nifty50 crossed 23,600.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,365 level, a discount of nearly 190 points from the Nifty futures’ previous close.