The Indian stock market on Tuesday settled lower for a second straight session as caution prevailed ahead of the US Federal Reserve’s policy announcement. At close, Sensex settled 436.41 points or 0.51% lower at 84,666.28, while the broader Nifty slipped to 25,839.65, down 120.90 points or 0.47%.

The mid- and small-cap segments erased losses and ended higher, outperforming the benchmarks. The BSE Midcap index ended 0.60% higher, while the Smallcap index jumped 1.27%.

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The overall market capitalisation of BSE-listed firms rose to Rs 465 lakh crore from Rs 464.2 lakh crore in the previous session.

Among the sectors, most of the indices ended with losses.

Nifty Consumer Durables was up 1.31%, PSU Bank up by 1.29%, Realty up by 0.95%, and Media was up 0.70%. On the losing sid

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