In the early hours of trading, India’s benchmark indices witnessed a downturn, with the BSE Sensex dropping 193.99 points to 63,680.94 and the Nifty slipping 47 points to 19,032.60. The decline is attributed to weakened banking, financial, and metal stocks coupled with continuous foreign fund outflows. Investors are exercising caution, anticipating the US Federal Reserve’s interest rate decision. Major losers among the Sensex firms include JSW Steel, Bharti Airtel, and Kotak Mahindra Bank, while Mahindra & Mahindra and Wipro emerge as gainers. Global factors, including elevated US bond yields, are identified as significant influencers, with Foreign Institutional Investors offloading equities worth Rs 696.02 crore on Tuesday.