New Delhi, May 5 -- The Indian stock market on Tuesday closed in red, erasing all the previous session's gains, with Nifty managing to close above the 24,000 mark.

At close, the Sensex was down 251.61 points or 0.33 per cent at 77,017.79, and the Nifty was down 86.50 points or 0.36 per cent at 24,032.80.

Among the sectors, auto, FMCG, power, pharma, and telecom indices edged higher by around 0.5pc each, while the realty index declined 1.4pc, consumer durable down 1pc and the private banking index slipped 0.5pc.

On Nifty, the major laggards were Jio Financial Services, ICICI Bank, Coal India, Tech Mahindra, and Eternal, while gains were seen in Mahindra & Mahindra, UltraTech Cement, Nestle India, Bajaj Finserv, and Hindalco Industries.

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