India, Jan. 28 -- The equity market remained weak for the second day on Tuesday, as BSE Sensex slipped by 188.26 points, below 41K to 40,966.86, a three-week-low as selling pressure was seen in Materials, Energy, Telecom, Auto, Power and Technology stocks amid weak global cues.

Investors also turned cautious ahead of the Union Budget on Saturday.The National Stock Exchange (NSE) too fell by 58.75 points to 12,060.25.The Nifty registered days high and low at 12,163.55 and 12,024.50 points respectively.High volatility was seen during the day, as the Sensex opened on a strong note at 41,299.68, up by 144 pts. It rallied by 178 pts to 41,333.25 day high. Later, it went in red and tumbled down nearly 286 points to 40,869.75, day low before cl...