Indian equity indices dropped Thursday due to banking and financial stock declines. Sensex fell 176 points; Nifty50 by 37. Asian Paints, Tata Steel, HDFC Bank, UltraTech Cements, ICICI Bank saw declines, while Infosys, TCS, Bharti Airtel performed well. L&T Finance and LTIMindtree rose. Nifty Bank and Auto sectors also declined.
