Indian benchmark equity indices Sensex and Nifty closed in the red on Tuesday, dragged by HDFC Bank, which will likely see lower-than-expected inflows because of a staggered adjustment of its weight on a key MSCI emerging market index. Broad-based selling pressure also contributed to the market’s downturn.

Dear Trader… The BSE benchmark Sensex plunged 693 points or 0.87% to settle at 78,956. The broader NSE Nifty Future dropped 198 points or 0.81% to end at 24,158. From the Sensex pack, HDFC Bank alone contributed to a 378-point decline, while SBI, ITC, Tata Motors, and Bajaj Finance also