The benchmark equity indices Sensex and Nifty traded lower on Tuesday, dragged down by selling in oil and gas shares and persistent foreign fund outflows, as investor sentiment took a hit following fresh tariff threats from US President Donald Trump.

At around 11:20 a.m., Sensex fell by 338.83 points or 0.42 percent to 80,679.89, while the Nifty dropped to 24,635.35, down 87.40 points or 0.35 percent.

Infosys, Bharat Electronics, Asian Paints ,ICICI Bank and Adani Enterprises were among the major laggards in the Nifty pack.