New Delhi, Jan. 7 -- Indian benchmark indices extended their decline for the second straight session on Tuesday, as a cautious risk-off sentiment gripped Dalal Street. The Nifty 50 closed at 26,178.70, down 0.27%, while BSE Sensex shed 376.28 points to settle at 85,063.34. Market breadth remained decisively bearish, with an advance-decline ratio of 1,239 to 1,894, indicating broad-based selling despite stability in the mid-cap segment.

Heavyweights like Reliance Industries (-4.3%) and Trent (-8.6%) were the primary laggards, with the former reacting to US President Donald Trump's recent warnings regarding potential tariffs on India over Russian oil purchases. Conversely, defensive buying in Healthcare (+1.85%) and Pharma, alongside a 2.9...