Wednesday woes: Nifty slips below 24,600, Sensex falls 150 points

Indian equity markets closed lower with Nifty 50 and Sensex falling, while Nifty Bank closed higher. Small and midcap stocks saw a major sell-off. Technical analysts predict a bearish trend and advise selling on rise. Intraday trade saw 846 stocks advancing and 2,128 declining, with Asian Paints as the top performer.