Sensex slumps 692 points as banking stocks drag ...Middle East

Mumbai: India’s key indices closed in deep red on Tuesday due to selling pressure in index heavyweights HDFC Bank, SBI, Tata Steel and Bajaj Finance. At close, Sensex slipped 692 points or 0.87 per cent to 78,956, while Nifty was down 208 points or 0.85 per cent to 24,139. It was the worst session since August 5. The decline was led by banking stocks with Nifty Bank closing at 49,831, down 746 points or 1.48 per cent. The decline in the banking index is being attributed to heavy selling in HDFC Bank. Shares of the country’s largest private lender slipped 3.46 per cent in the trading session. Selling was also seen in midcap and smallcap stocks. The Nifty Midcap 100 index fell 449 points or 0

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