Mumbai, 2 December. The domestic stock market declined for the third consecutive day on Tuesday amid continuous withdrawal of foreign institutional investors (FIIs) and selling in shares of major banks and Reliance Industries. BSE Sensex slipped by about 504 points while NSE Nifty fell below 26,050 by 144 points.

On Monday, both the benchmark indices returned to record high levels.

It is noteworthy that on Monday the Sensex fell by 64.77 points and closed at 85,641.90 points. However, during trading it reached a record high of 86,159.02 points. Nifty also remained at 26,175.75 after touching the highest level of 26,325.80.

Sensex closed at 85,138.27 points

Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares fell 503.63 points or 0.59 per cent to close at 85,138.27 points. At one time during trading it had fallen by 588.9 points to the level of 85,053. Among Sensex companies, shares of nine closed in the green and 21 showed weakness.

Weakness of 143.55 points in Nifty

At the same time, Nifty, a sensitive index based on 50 shares of National Stock Exchange (NSE), also slipped by 143.55 points or 0.55 percent and closed at 26,032.20 points. During trading, at one time it had fallen below 26,000 to 25,997.85 points. Among Nifty companies, shares of 14 showed strength while 35 shares declined.

Highest in Axis Bank 1.29, recorded a decline of

Among the companies included in the Sensex group, Axis Bank stocks closed with the biggest decline of 1.29 percent. HDFC Bank, Reliance Industries, ICICI Bank, Bharat Electronics and Larsen & Toubro were also major losers. On the contrary, shares of Asian Paints, Maruti Suzuki, Bharti Airtel and Bajaj Finance closed with gains.

FII has 1,171.31 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,171.31 crore on Monday while domestic institutional investors (DIIs) bought shares worth Rs 2,558.93 crore. Brent crude, the global crude oil benchmark, fell 0.33 percent to $62.96 per barrel.