Stock market today, May 6 -- The Indian stock market closed in red on Tuesday, 5 May, with the Nifty 50 slipping below the 24,100 mark. The Sensex declined by 251.61 points, or 0.33%, to end at 77,017.79, while the Nifty 50 fell 86.50 points, or 0.36%, to settle at 24,032.80.

However, the market is likely to snap its losing streak as trends in the Gift Nifty index signalled a positive opening on Wednesday. Gift Nifty was trading near the 24,322 mark, down over 216 points from the previous close of Nifty futures.

"The Nifty 50 is set to open on a positive note, supported by firm global cues and early signals from Gift Nifty, which is trading around the 24,200 mark. The constructive setup follows a strong close on Wall Street, where the S...