Mumbai, Dec 17 || Ahead of key policy decisions especially from the US Federal Reserve, the Indian stock market closed in red on Tuesday as selling was seen in the PSU bank, auto, IT, financial service, pharma, FMCG, metal, and realty sectors of Nifty.
At closing, Sensex settled at 80,684.4, down by 1,064.12 points or 1.30 per cent and Nifty ended at 24,336, down by 332.25 points, or 1.35 per cent.
According to market experts, widespread pessimism prevails across all sectors ahead of key policy decisions from the US Fed, Bank of Japan, and Bank of England.
While the market has already factored in a 25 bps cut from the US Fed, it remains vigilant for any hawkish signals, experts added.
Nifty Bank ended at 52,834.80, down by 746.55 points, or 1.39 per cent.
The Nifty Midcap 100 index closed at 59,101.90 at the end of trading after dropping 341.15 points, or 0.57 per cent.
Nifty Smallcap 100 index closed at 19,398.45 after dropping 132.60 points or 0.68 per cent.