Mumbai, April 1 -- The key equity benchmarks ended with major losses on Tuesday, declining for the second day in a row, as investors prepared for the impact of US reciprocal tariffs, scheduled to take effect on April 2. The Nifty ended below the 23,200 level. Media and oil & gas shares advanced while realty, IT and consumer durables shares declined.

As per provisional closing, the barometer index, the S&P BSE Sensex, tanked 1,390.41 points, or 1.80%, to 76,024.51. The Nifty 50 index tumbled 353.65 points, or 1.50%, to 23,165.70.

In the broader market, the S&P BSE Mid-Cap index declined 1.04%, and the S&P BSE Small-Cap index rose 0.07%.

The market breadth was strong. On the BSE, 2,707 shares rose and 1,344 shares fell. A total of 144 s...