Sensex slips over 100 pts, Nifty below 24,050 as bank, pharma shares fall

Summary

The Nifty and Sensex opened lower on Tuesday, with bank and pharma shares declining due to Middle East tensions, rising crude prices, and foreign outflows. While analysts expect the Nifty to remain range-bound supported by domestic growth, elevated US bond yields and geopolitical risks could pressure equities.