The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 23,195 level, a premium of nearly 87 points from the Nifty futures’ previous close.

The benchmark indices ended the day sharply lower, with the Nifty slipping below the 23,000 mark and the Sensex dropping below 76,000. The Sensex closed at 75,939, down 200 points, while the Nifty shed 102 points to end at 22,

The Nifty 50 and Sensex ended 1.32% each. This is the sharpest fall since Jan. 21. The NSE Nifty Realty declined the most, followed by Nifty Media and Nifty Auto.