New Delhi, Dec. 8 -- The Indian stock market witnessed broad-based selling during Monday's session, December 8, a day after the RBI trimmed the key benchmark rate by another 25 basis points. Although domestic fundamentals remain in favour of bulls, profit booking dragged the markets lower, bringing the key indices to close below key levels.

The Nifty 50 closed with a sharp decline of 1%, slipping below the 26,000 mark to settle at 25,934, while the S&P BSE Sensex ended 0.87% lower at 84,967 points. The broader market came under more pressure, with the Nifty Midcap 100 falling 1.8% and the Nifty Smallcap 100 index crashing 2.54%.

Realty stocks led the declines, with all constituents of the Nifty Realty index closing down by up to 5.3%, p...