New Delhi, Jan. 6 -- The Indian stock market stayed lower during Tuesday's session, January 6, dragged down by heavyweights such as Reliance Industries, HDFC Bank, and Trent, keeping the key averages weak for the second consecutive session.

Although banking and pharma counters provided some support, they were unable to lift the Nifty 50, which eventually closed 0.28% lower at 26,175. The S&P BSE Sensex also fell, ending 0.51% lower at the 85,000 level.

Broader markets mirrored the weak sentiment, with both the Nifty Midcap 100 and Nifty Smallcap 100 indexes declining 0.15% each.

HDFC Bank and Reliance Industries were the two biggest laggards on the Nifty 50 index, slipping 1.6% and 4.55%, respectively.

Mukesh Ambani-led Reliance Indus...