Stock market today, Dec. 16 -- The Indian stock market saw across-the-board selling in morning trade on Tuesday, December 16, tracking weak global cues. The Sensex dropped nearly 500 points to hit an intraday low of 84,716 while the Nifty 50 slipped below the psychologically important level of 26,000, touching an intraday low of 25,879.

The midcap and smallcap segments, too, were under pressure; the BSE Midcap and Smallcap indices dropped more than half a per cent each during the session.

Investors lost approximately Rs.2 lakh crore within the first half hour of the session, as the overall market capitalisation of BSE-listed firms was nearly Rs.469 lakh crore by 9:45 am on Tuesday compared to Rs.471 lakh crore in the previous session. ...