On Tuesday, Indian equity benchmarks faced heavy selling, with the NSE Nifty50 dropping 436.30 points, or 1.83%, to close at 23,379.55, and the BSE Sensex tumbling 1,456.04 points, or 1.92%, to settle at 74,559.24. This marked the fourth consecutive day of declines, driven by weakness in sectors including IT, banking, and automobiles. Analysts noted that the Nifty has broken below crucial support levels, indicating a bearish trend, with potential targets around 23,200-23,150. Meanwhile, U.S. markets also experienced declines due to rising inflation, with the Consumer Price Index increasing 3.8% annually, raising concerns about prolonged interest rates. In European markets, major indices traded lower, reflecting global market sentiment. Despite the downturn, 93 stocks achieved 52-week highs, while 45 fell to 52-week lows, indicating mixed market activity. The overall market breadth was negative, with 3,500 stocks declining compared to 782 advancing.