In the broader markets, the Nifty Microcap 250 index continued to dominate in red and plunged 1.94 per cent in the early trading hours. The VIX climbed 1.73 per cent in the session.

On Sensex, Bharti Airtel, HUL, SBI, and TCS emerged as the gainers in the morning session. On the other hand, the laggards so far included Tata Steel, PowerGrid, NTPC, Zomato, and Reliance.

Sensex dipped over 1,300 points while Nifty tumbled nearly 400 points on Tuesday before slightly pairing gains. Know reasons why

The turmoil in the Indian equity market shows no signs of relief, as it extended its losing streak to a sixth consecutive session, with small and midcap stocks bearing the brunt of the decline. The continuous selling pressure over the past two months has pushed the broader market into bear territory,