Market Wrap | Fed fears trigger sell-off: Sensex tanks over 1,000 points; Nifty settles below 24,350

Indian equity benchmarks closed sharply lower on Tuesday as investors remained cautious ahead of the US Fed's rate decision. Selling in financial heavyweights like HDFC Bank, ICICI Bank, and blue-chips such as Reliance Industries and Bharti Airtel dragged the indices down.