The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,542 level, a discount of nearly 141 points from the Nifty futures’ previous close.

The Sensex plunged 1.32 per cent, or 985.54 points, to an intraday low of 73,658.45. Meanwhile, the Nifty50 slipped 1.31 per cent, or 295.95 points, to an intraday low of 22,249.10.

The BSE Sensex stood at 73,917.17, down 695.26 points or 0.93 per cent. The NSE Nifty fell 227.50 points, or 1.01 per cent, to 22,317.55.

The Indian stock market closed on a mixed note on Tuesday, with the Sensex registering a slight gain while the Nifty50 ended in the red.The BSE Sensex rose 147.71 points, closing at 74,602.12, whereas the NSE Nifty50 slipped 5.

On February 25, the Sensex rose by 0.20% to 74,602.12, breaking a five-day losing streak, while the Nifty 50 fell 0.03% to 22,547.55. Broader indices underperformed, and several stocks hit 52-week highs and lows amid mixed sectoral performances.