India, Jan. 7 -- Equity benchmark indices Sensex and Nifty declined for the second consecutive day on Tuesday, tracking intense selling pressure in market heavyweights Reliance Industries and HDFC Bank amid geopolitical tensions and renewed concerns about potential US tariff hikes.

The 30-share BSE Sensex dropped 376.28 points, or 0.44 per cent, to settle at 85,063.34. During the day, it tanked 539.52 points, or 0.63 per cent, to 84,900.10.

The 50-share NSE Nifty declined 71.60 points, or 0.27 per cent, to end at 26,178.70.

"Domestic equities experienced a correction led by large-cap stocks, with selling in heavyweights like Reliance Industries and HDFC. The market reaction was influenced by uncertainties surrounding the Venezuela-US c...