India, March 27 -- The key domestic indices continued to trade with sharp losses in morning trade, tracking weak global cues amid persistent uncertainty over the de-escalation of Middle East tensions and renewed concerns about inflationary pressures. Investor sentiment remained cautious due to the lack of clarity on the reopening of the Strait of Hormuz. The Nifty hovered around the 23,000 level. PSU bank shares declined after advancing in the past two trading sessions.

At 10:25 IST, the barometer index, the S&P BSE Sensex tumbled 963.23 points or 1.28% to 74,307.96. The Nifty 50 index declined 297.70 points or 1.28% to 23008.75.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 1.801% and the BSE 25...