New Delhi, Aug. 19 -- Indian equity benchmarks extended their slide on Tuesday, with Nifty 50 posting a sixth straight session of losses and Sensex falling for a third consecutive day. Nifty 50 dropped 132.75 points, or 0.55%, to close at 24,154.90, while Sensex declined 492.70 points, or 0.63%, to settle at 77,235.46.

The renewed sell-off came as Brent crude surged past $91 a barrel after the US-Iran ceasefire lapsed and hopes of reopening the Strait of Hormuz faded. Meanwhile, a rise in the U.S. bond yields added pressure on foreign inflows and kept the rupee under strain near 95.66 per dollar.

Banking, IT, Realty, FMCG, Financial Services, and Metal stocks bore the brunt of the selling. On the other hand, Auto, Pharma, Healthcare, Co...