Sensex ends 130 points lower, Nifty below 9,200; Broader markets outperform

The S&P BSE Midcap and the S&P BSE Smallcap outperformed benchmark indices; up 0.6% each

Benchmark indices settled the day lower after witnessing a higher opening as investors stay cautious ahead of the March-quarter earnings season before taking any large positions.
 
Both Sensex and Nifty have gained in double-digits so far this year with NSE Nifty touching a record high of 9,273.90 last week, on the back of strong foreign investments and hopes for additional economic reforms.
 
The S&P BSE Sensex ended the day at 29,576, down 131 points, while the broader Nifty50 settled at 9,181 down 17 points.
 
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap