Stock Market Highlights: Sensex closes 561 points lower at 77,054; Nifty settles at 24,052

Stock Market Live Updates: Indian benchmark indices extended their losses on Tuesday, with the BSE Sensex tumbling 561.46 points to 77,054.94, while the NSE Nifty50 declined 158.95 points to 24,052.05. This marked a further dip after the market closed flat on Monday after recovering from sharp intraday losses, supported by a rally in IT stocks led by TCS, HCLTech and Infosys.

However, sentiment remains fragile as crude oil prices have climbed to multi-week highs following fresh US-Iran hostilities and renewed concerns over disruptions in the Strait of Hormuz.

Brent crude surged to nearly $85 a barrel, while the rupee weakened 30 paise to close at 95.68 against the US dollar, raising concerns over inflation and imported costs. Investors will closely track developments in the Middle East, global markets, oil prices and the rupee for further cues.

The BSE Sensex surged 827.57 points (1.08%) to close at 77,569.39 on Friday, while the NSE Nifty50 climbed 244.10 points (1.02%) to settle at 24,206.90, driven by gains in heavyweight stocks including Reliance Industries, ICICI Bank and HDFC Bank.

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