Sensex down 150 points, Nifty below 9,200; broader markets underperform

On Tuesday, foreign investors turned net sellers to the tune of Rs 750 crore

The benchmark indices on Wednesday pared morning gains to turn lower ahead of the start of March quarter earnings season, while geopolitical risks weighing on global markets also kept the momentum negative. 

At 10:25 am, the S&P BSE Sensex was trading at 29,652, down 136 points, while the broader Nifty50 was ruling at 9,196, down 41 points. 

In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices underperformed to lose 0.7% and 1%, respectively. 

"Going ahead, yesterday’s low of 9172.85 would be seen as a crucial and strong support; whereas, we expect a continuation of ongoing