Buy or sell stocks, May 12 -- The Indian stock market closed lower for the third straight session on Monday, May 11, amid broad-based selling pressure triggered by weak global market sentiment.

The 30-share Sensex tumbled 1,313 points, or 1.70%, to settle at 76,015.28, while the Nifty 50 declined 1.50% to end at 23,815.85. Meanwhile, the BSE Midcap 150 and Smallcap 250 indices fell 1.26% and 0.96%, respectively.

On Monday, the Nifty 50 opened with a sharp gap-down at 23,970.10, reflecting weak sentiment at the start of the session. The index witnessed selling pressure in the first half of the session, although in the start of the second half, index witnessed buying interest and hence registered its intraday high of 23,997.45 in the seco...