New Delhi, April 28 -- The Indian stock market resumed its downtrend in Tuesday's session, 28 April, after a brief rally, as 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 concluded the trade 0.40% lower at 23,995, while the S&P BSE Sensex closed at 76,886, down 0.54% compared with Monday's close. The broader markets, however, outperformed the benchmark indices, with both the Nifty Midcap 100 and Nifty Smallcap 100 finishing the trade in the green, indicating that the undertone of sentiment remains firmly in favour of bulls.

Sectoral performance was mixed, with Nifty PSU Bank and Nifty Private Bank each los...