New Delhi, April 9 -- The Indian stock market retreated from its previous rally as renewed tensions in the Middle East cast doubt over a fragile ceasefire, while crude oil prices resumed their upward trend, causing the key indices to snap a five-day winning streak.

The Nifty 50 slipped nearly 1%, giving up some of its recent gains, while the S&P BSE Sensex dropped 1.22% to the 76,615 level. The broader markets, however, outperformed the benchmark indices, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices closing in the green.

Sectoral performance was mixed, as the Nifty Private Bank, Nifty PSU, and Nifty PSU Bank indices closed with losses of over 1%. On the gaining side, the Nifty Metal, Nifty Pharma, and Nifty IT indices p...