Indian equity markets closed in the red on Tuesday as a slide in banking, financial, and auto stocks offset the optimism from favourable domestic inflation data and persistent foreign institutional buying in equities.

Dear Trader… The 30-share BSE benchmark Sensex declined 413 points or 0.66% to settle at 61,932. The broader NSE Nifty fell 112 points or 0.61% to end at 18,328. In the Sensex pack, HDFC twins closed lower and fell nearly 2%. M&M, Kotak Bank, Bharti Airtel, Tata Motors, Sun Pharma,