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Indian Equities Slip on Tuesday as Profit Booking in Banking Sector Weighs

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-- Indian benchmark indices ended lower on Tuesday as profit booking in banking heavyweights and mixed global cues weighed on the market.

The BSE Sensex fell 416.72 points, or 0.5%, to close at 76,886.91, while the NSE Nifty 50 declined 97.00 points, or 0.4%, to settle at 23,995.70.

Sentiment remained fragile amid stalled U.S.-Iran talks, rising crude oil prices, and weakness in the rupee.

Investors also stayed cautious ahead of the U.S. Federal Reserve's policy decision, with expectations of unchanged interest rates.

Among stocks, Dhanlaxmi Bank (NSE:DHANBANK, BOM:532180) surged 14% after reporting a rise in fiscal Q4 net profit to 434.9 million rupees from 289.8 million rupees a year earlier.

HDB Financial Services (NSE:HDBFS, BOM:544429) raised 3.25 billion rupees through the allotment of non-convertible debentures on a private placement basis.

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