Sensex tumbles 500 points, Nifty below 24,500 in early trade

Indian benchmark indices Sensex and Nifty opened lower on Wednesday despite a ceasefire announcement. BSE Sensex, which opened 253.99 points lower, fell 500 points in early trade, while Nifty, which started the session 105.75 points lower at 24,470.85, dropped to 24,439.85. The decline was majorly led by IT stocks. Notably, the broader Asian markets traded mixed today.