Mumbai, Sept. 8 -- Stock market benchmark indices Sensex and Nifty ended lower on Tuesday, extending losses for the second straight day, amid rising crude oil prices and the US-Iran hostilities.

Selling in blue-chip stocks ICICI Bank, HDFC Bank and Reliance Industries also dragged the markets lower.

The 30-share BSE Sensex dropped 555.23 points, or 0.73 per cent, to settle at 75,577.58. The 50-share NSE Nifty ended 144.05 points, or 0.61 per cent, lower at 23,635.10.

Among the 30 Sensex firms, ICICI Bank, Axis Bank, UltraTech Cement, Kotak Mahindra Bank, Reliance Industries and HDFC Bank were the major laggards.

Bharat Electronics, Adani Ports, Hindustan Unilever and InterGlobe Aviation were the gainers.

The BSE MidCap Select index climbed 0.79 per cent, while the SmallCap Select index ended flat, down 0.06 per cent.

Among the BSE sectoral indices, Insurance declined 1.05 per cent, Top 10 Banks 0.97 per cent, Pvt Banks index 0.88 per cent, Financial Services 0.80 per cent, Oil & Gas 0.64 per cent, Bankex 0.63 per cent and Energy 0.48 per cent.

Commodities, Consumer Discretionary, FMCG, Healthcare, Industrials, Telecom, Capital Goods, Power, Services and MidSmall Pvt Banks Quality Tilt were the winners.

FIIs bought equities worth Rs 280.13 crore on Monday, according to exchange data.

Published by HT Digital Content Services with permission from Millennium Post.