IT stocks couldn’t save Nifty as crude, Fed fears drag markets into red

Markets reversed their morning gains by midday on Tuesday, with the Nifty 50 sliding 81.05 points (0.35 per cent) to 23,317.05 and the Sensex falling 134.29 points (0.18 per cent) to 74,647.47 as of 12.31 pm, as selling pressure across financials, industrials and consumer stocks overwhelmed a stron…