Mumbai, Dec. 9 -- The stock market on Tuesday settled lower for a second straight session. The development comes as caution prevailed ahead of the US Federal Reserve's policy announcement.

At close, the Sensex settled 436.41 points or 0.51% lower at 84,666.28, while Nifty slipped to 25,839.65, down 120.90 points or 0.47%.

The BSE Midcap index ended 0.60% higher, while the Smallcap index jumped 1.27%.

Across sectors, most indices ended in the red.

Those clocking gains were Nifty Consumer Durables (1.31 %), PSU Bank (1.29%), Realty (0.95%), and Media (0.70%). Among the losers, the key ones were Nifty IT, which was down by 1.19%, Auto by 0.72%, and Financial Services by 0.50%. Nifty Bank ended with a nominal loss of 0.03% at 59,222.35. ...