The stock market on Tuesday extended its decline for a second consecutive session, with the Nifty closing below the 26,200 mark. Selling pressure was witnessed in oil & gas, media and energy stocks.
At the close, the Sensex was down 376.28 points, or 0.44 per cent, at 85,063.34, while the Nifty slipped 71.60 points, or 0.27 per cent, to end at 26,178.70.
Among sectoral indices, Nifty Oil & Gas declined the most, falling 1.67 per cent, followed by Nifty Media, Nifty Chemicals and Nifty Realty, which declined between 0.27 per cent and 1.15 per cent.
Meanwhile, Nifty Pharma gained 1.63 per cent, while Nifty PSU Bank, Nifty IT and Nifty Metal advanced in the range of 0.3 per cent to 0.6 per cent.
The BSE Midcap and Smallcap indices slipped 0.24 per cent and 0.39 per cent, respectively. Overall market capitalisation of BSE-listed firms declined to ₹479 lakh crore from nearly ₹481 lakh crore in the previous session.
The Indian rupee snapped a four-day losing streak and appreciated by 12 paise to settle at 90.18 (provisional) against the US dollar.
On the Nifty, top losers included Trent, Reliance Industries, ITC, Kotak Mahindra Bank and InterGlobe Aviation, while gainers were Apollo Hospitals, ICICI Bank, HDFC Life, Sun Pharma and Tata Consumer Products.
Nearly 140 stocks touched their 52-week highs, while over 120 stocks hit 52-week lows on the BSE.
Stocks hitting new highs included Aether Industries, NALCO, IIFL Finance, Bajaj Auto, Hindalco Industries, Graphite India, Union Bank of India, Hindustan Copper, eClerx Services, SBI Life Insurance, SBI and Bank of India, among others.
On the other hand, stocks at 52-week lows included Premier Energies, Vedant Fashions, Mahanagar Gas, ITC, Page Industries, Cohance Life, United Breweries, Clean Science, Jubilant FoodWorks and Tata Chemicals, among others.
Among key performers, shares of National Aluminium Company Ltd (NALCO) settled 4.8 per cent higher. Swiggy extended its losses for the third straight session, tumbling 4.6 per cent to ₹361.
HDFC Bank shares declined over 2 per cent, extending losses for the second consecutive session after the release of its Q3 business update.
Bajaj Auto shares climbed up to 3 per cent to hit a fresh 52-week high after brokerage firm Emkay Global upgraded the stock to ‘Buy’ and raised its target price.