New Delhi, July 14 -- The Indian stock market traded lower on Tuesday, following weak global cues, as investor risk sentiment dampened after the recent escalation of the US-Iran war in the Middle East and elevated crude oil prices.

The BSE Sensex declined 408.59 points, or 0.53%, to 77,207.81, while the Nifty 50 was down by 113.35 points, or 0.47%, at 24,097.65. The Bank Nifty index traded 608.05 points, or 1.05%, lower at 57,524.70.

Broader markets also reeled under selling pressure, as the Nifty Midcap 100 and the Nifty Smallcap 100 index dropped over half a percent each.

Among sectors, selling was seen in Nifty Auto, Nifty PSU Bank, Nifty Realty, Nifty FMCG and Nifty IT, while Nifty Pharma and Nifty Metals were trading in the green....