New Delhi, April 28 -- The Indian stock market benchmarks, the Sensex and the Nifty 50, ended in the red on Tuesday, 28 April, due to profit booking in banking heavyweights, including ICICI Bank, HDFC Bank, Axis Bank, and SBI, amid mixed global cues.

The Sensex closed 417 points, or 0.54%, lower at 76,886.91, while the Nifty 50 ended at 23,995.70, falling 97 points, or 0.40%. However, the mid and small-cap segments bucked the trend, ending higher. The Nifty Midcap 100 and Smallcap 100 indices rose by 0.28% and 0.42%, respectively.

The Sensex and the Nifty 50 slipped sharply due to heavy selling in banking stocks after the RBI confirmed its expected credit loss framework and final asset classification norms, raising concerns about higher...