Stock market indices Sensex and Nifty faced heavy selling pressure on Tuesday, dropping over 1%, tracking a bearish trend in global markets along with weakness in HDFC Bank and IT firms. Fresh foreign fund outflows also led to the weak trading in equities. The 30-share BSE Sensex tanked 893 points to settle at 76,200, while NSE Nifty dropped 278 points to end at 23,824.
Here's how analysts read the market pulse