The Indian stock market extended losses on Tuesday, with Sensex and Nifty opening in the red even as oil prices remained steady after falling sharply in the previous session after the US imposed harsher secondary sanctions against Iran.
After opening, Sensex dropped 200 points to fall below 77,150, while Nifty 50 lost 83 points to 24,136 on Tuesday morning. Broader markets also opened in the red, with Nifty Midcap 100 and Nifty Smallcap 100 falling up to 0.5%.
