New Delhi, March 25 -- Indian equity benchmarks Sensex and Nifty shed early gains on Tuesday, amid profit booking and global trade concerns. Despite a positive opening, selling pressure in heavyweight stocks dragged the indices lower. Analysts remain cautiously optimistic, highlighting key technical levels to watch in the near term.

The BSE Sensex, which opened on a strong note, slipped 829.51 points or 1.06 percent from its intraday high, hitting a low of 77,880.84 by noon. The NSE Nifty also lost 242.05 points, ending at 23,627.55. The decline was driven by profit booking at higher levels and renewed concerns over global trade tariffs.

VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, remarked that while market...