<h1>Sensex drops 287 points, Nifty falls 88 points amid banking selloff and foreign fund outflows</h1> Indian benchmark indices closed lower with the Sensex falling 287.60 points to 83,409.69 and Nifty declining 88.40 points to 25,453.40, pressured by selling in major banking and infrastructure stocks ahead of a US tariff deadline. Foreign institutional investors withdrew Rs 1,970.14 crore from equities. Despite positive manufacturing data showing 14-month high growth at 58.4 and GST collections rising 6.2% to Rs 1.84 lakh crore, mixed global cues and foreign fund outflows weighed on market sentiment.