Stock market today, April 29 -- The Indian stock market slipped back into a downtrend on Tuesday, April 28, after a brief rally, as ongoing tensions in the Middle East kept crude oil prices elevated and banking stocks came under pressure following the Reserve Bank of India's final credit-loss guidelines.

The Nifty 50 closed 0.40% lower at 23,995, while the S&P BSE Sensex fell 0.54% to end at 76,886, compared to its previous close on Monday.

However, the market is likely to continue its losing streak as trends in the Gift Nifty index signalled a negative opening on Wednesday. Gift Nifty was trading near the 24,081 mark, down over 18.50 points from the previous close of Nifty futures.

"Indian equity markets are set to open on a cautious ...