Indian equity markets ended on a weak note on Tuesday, with the Nifty slipping below the 23,900 mark as broad-based selling hit various sectors. The Sensex closed down by 820.97 points, or 1.03%, at 78,675.18, while the Nifty dropped 257.80 points, or 1.07%, to settle at 23,883.50.

The session saw widespread declines, with 2,641 shares closing in the red, while 1,155 shares advanced, and 93 remained unchanged.

Key laggards on the Nifty included Britannia Industries, HDFC Bank, NTPC, Asian Paints, and Bharat Electronics. On the other hand, Trent, HCL Technologies, Sun Pharma, Infosys, and Reliance Industries managed to post gains, bucking the overall market trend.

All sectoral indices ended lower, with sectors such as auto, banking, FMCG, capital goods, metals, oil & gas, power, telecom, media, and pharma registering declines of 0.5% to 2%. The market saw weakness across both BSE Midcap and Smallcap indices, each shedding around 1% by the close.