Sensex down 150 points, Nifty below 9,400; broader markets underperform

The benchmark indices reversed gains to trade lower on Tuesday tracking mixed cues from the Asian markets following a deadly explosin at a pop concert in Manchester, two-and-a-half weeks before an election that UK Prime Minister Theresa May is expected to win easily. 

At 12:17 am, the S&P BSE Sensex was trading at 30,403, down 97 points, while the broader Nifty50 was ruling at 9,381, down 57 points. 

In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices dipped over 2% each. 

"Going forward, we are expecting the Nifty to trade in the range of 9,300