New Delhi, April 11 -- Domestic equity benchmarks settled lower in the previous session, mirroring a global market rout triggered by US President Donald Trump's tariffs. A widely expected interest rate cut and dovish shift by the Reserve Bank of India (RBI) did little to lift the sentiment.

The 30-share BSE Sensex dropped 379.93 points or 0.51 per cent to settle at 73,847.15. During the day, it slumped 554.02 points or 0.74 per cent to a low of 73,673.06. The NSE Nifty declined 136.70 points or 0.61 per cent to 22,399.15. Intra-day, it tanked 182.6 points or 0.81 per cent to 22,353.25.

Nifty 50 continues to trade below the upper band of the falling channel and the 21-day EMA, indicating short-term weakness and resistance near 22,500. Th...