Sensex drops 200 points, Nifty falls below 24,150 as US announces harsher sanctions against Iran. What lies ahead?

Indian equities extended losses on Tuesday, with Sensex falling 200 points to below 77,150 and Nifty declining 83 points to 24,136. Broader markets also weakened, with Midcap and Smallcap indices down up to 0.5%. Sentiment remained cautious despite stable oil prices after the US imposed tougher secondary sanctions on Iran.