New Delhi, May 26 -- Indian stocks resumed their losing streak in Tuesday's trade, May 26, as US strikes on Iran dented hopes of an imminent peace deal, triggering a risk-off sentiment across markets. Today's decline came after the headline indices logged their biggest intraday jump in three weeks amid optimism over the reopening of the Strait of Hormuz.

The Nifty 50 closed 0.5% lower, slipping below the 24,000 mark to settle at 23,916, while the Sensex dropped 0.60% to 76,047.

The broader market, however, remained in an uptrend and outperformed the benchmark indices, with the Nifty Midcap 100 and Nifty Smallcap 100 rising 0.54% and 0.35%, respectively.

US forces struck missile launch sites in Iran and targeted boats allegedly attempti...