Sensex drops 465 pts; Nifty below 25,730 as private banks slide

India’s stock market sank again with the BSE Sensex falling 465 points and the Nifty 50 slipping below 25,730. Losses in major private-bank shares, including HDFC Bank and ICICI Bank, drove the decline after the Securities and Exchange Board of India introduced tighter eligibility norms for bank-heavy indexes. A strong U.S. dollar and a cautious outlook from the Federal Reserve added pressure on investor sentiment. Broader markets also saw outflows as earnings and global cues remained uneven.