Rs 3 lakh crore wipeout! Sensex sheds over 900 pts from day’s peak, Nifty sinks 1%. 5 factors behind market decline

Indian equities saw a sharp intraday reversal on Tuesday as early gains evaporated, dragging the Sensex down 933 points from its peak and pushing the Nifty over 1% lower. Nearly Rs 3 lakh crore in market value was erased as selling intensified despite positive global cues and early IT earnings support.