New Delhi, May 27 -- Stock market recap: Indian equity benchmarks retreated on Tuesday, snapping their previous session's sharp rally due to late-afternoon profit-taking ahead of the monthly derivatives expiry.

Nifty 50 declined 0.49% (or 118.00 points) to finish at 23,913.70, slipping back below the psychological 24,000 threshold after hitting an intraday high of 24,089.80. Similarly, BSE Sensex shed 0.63% to close at 76,009.70. The correction was primarily triggered by a renewed uptick in crude oil prices, as fresh military strikes in Iran cooled recent optimism surrounding the U.S.-Iran peace talks.

On the sectoral front, heavy profit-booking was visible across high-beta spaces, with Nifty Consumer Durables plunging more than 1% and ...