New Delhi, July 21 -- The Indian stock market benchmark indices, Sensex and Nifty 50, traded lower on Tuesday, weighed down by selling in IT and banking stocks, amid weak global market cues.

The BSE Sensex declined 283.28 points, or 0.36%, to trade at 77,425.24, while the NSE Nifty 50 was down 76.15 points, or 0.31%, at 24,162.35. The Bank Nifty index traded 80.55 points, or 0.14%, lower at 57,864.45.

Broader markets outperformed the frontline indices, as the Nifty Smallcap 100 gained 0.55% and the Nifty Midcap 100 index was up 0.24%.

Among sectors, Nifty IT, Nifty FMCG, Nifty PSU Bank and Nifty Oil & Gas reeled under selling pressure, while gains were seen in Nifty Metal, Nifty Pharma, Nifty Realty and Nifty Auto indices.

HDFC Bank, ...