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The benchmark equity indices opened in the red on Tuesday, reversing gains from the best trading session in three years earlier.

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Bank stocks faced significant pressure, with the Bank Nifty falling over 300 points, signaling investor caution amid political uncertainty.

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Nifty PSE index dropped 3.5%, driven by early Lok Sabha poll trends indicating a weaker performance for the ruling National Democratic Alliance.

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Adani Enterprises saw a sharp decline of 9.8% after reaching an all-time high the previous day, reflecting market volatility.

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Nifty Smallcap 100 and Midcap 100 indices plummeted by over 5% and 3%, respectively, as broader market sentiment turned negative.

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