Mumbai, March 26 -- The benchmark indices, Nifty and Sensex, tumbled on Tuesday, breaking a seven-day rally as selling in banking and energy stocks pushed the markets into the red. The decline is attributed to broader market consolidation, driven by domestic selling, March-end closing pressures, and caution ahead of key economic events. The Nifty settled below the 23,500 level after hitting the day's high of 23,736.50 in early trade.

Analysts view this correction as a natural breather after an extended rally rather than a direct reaction to tariff concerns. Investors remain watchful ahead of the April 2 tariff deadline in the US and the Reserve Bank of India's (RBI) upcoming policy decision on April 9, both of which could shape market se...