Sensex drops 200 points lower, Nifty tests 24,900; RIL, bank stocks drag

Indian benchmark indices Sensex and Nifty50 declined after opening higher on Tuesday due to losses in HDFC Bank, ICICI Bank, and Reliance Industries, influenced by weak global cues. While Asian stocks showed gains, US bond yields rose following a US credit rating downgrade, impacting emerging markets. Experts suggest a cautious market approach with potential consolidation and institutional selling.