New Delhi, Aug. 12 -- The Indian stock market remained in the negative territory for the second consecutive session, with the benchmarks, the Sensex and the Nifty 50, falling almost 1% each in intraday trade on Wednesday, 12 August.

The Sensex dropped more than 650 points, or 0.80%, to an intraday low of 77,498, while the NSE counterpart Nifty 50 declined more than 200 points, or 0.84%, to an intraday low of 24,266.

The mid and small-cap segments also witnessed selling; Nifty Midcap 100 and Smallcap 100 indices declined by up to 0.50%.

Investors lost about Rs.3 lakh crore in a day, as the overall market capitalisation of BSE-listed firms dropped to Rs.490 lakh crore from nearly Rs.493 lakh crore in the previous session.

(This is a dev...