The S&P BSE Sensex plunged over 150 points in morning trade on Tuesday ahead of Reserve Bank of India's
first bi-monthly policy review for the financial year 2017.
The Nifty50 came under pressure but was still trading above its crucial support level of 7,700. The fall in the index was weighed down by losses in realty, consumer durable, banks, and auto stocks.
The broader market traded in line with benchmark indices with the BSE midcap and smallcap down by 0.31 and 0.25 per cent, respectively.