Sensex down over 100 points as banking stocks fall

The BSE Sensex dropped over 130 points, while the broader Nifty came close to breaching the 5,800 mark in the closing hour on Tuesday. Global markets were nervous on account of uncertainty about the future of the U.S. monetary stimulus programme. The U.S. central bank kicks off a two-day meeting later in the day and markets are on alert for guidance on when and how quickly it will look to wind down its bond buying programme. ...