Bears Tighten Grip! Bank, IT stocks drag Sensex down by over 650 points, Nifty below 23,500

Indian equity indices Sensex and Nifty50 opened lower for the second consecutive session on Tuesday, mainly due to declines in IT stocks. The Sensex and Nifty50 saw notable drops, dragged by significant losses in major IT companies, while certain stocks like SBI and Tata Motors posted gains.