Indian stock indices extended their losses from the previous session to trade marginally in the red on Tuesday morning. This is the second consecutive day of decline. At 9.25 am, the Sensex was down 220.59 points or 0.41 per cent at 54,174.64, while the Nifty was down 82.95 points or 0.51 per cent at 16,133.05. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “The key factor affecting the markets – equities, bonds, currency and many commodities – is the sustained rise in the dollar, which has gained momentum during the last one month.” In India, Tata Consultancy Services’ first quarter results indicated margin pressure for the IT industry, leading to a weak IT index, Vijayakumar said. Vijayakumar further added, “The most resilient segment in the market now is Bank Nifty and the major stock is ICICI Bank. This resilience of the banking segment is likely to continue. Auto, capital goods and some segments of FMCG are also on a strong footing.” , Continued weakness in the Indian rupee and selling of equities by foreign portfolio investors also weighed on domestic stocks. The rupee hit another new record low of 79.59 per US dollar on Tuesday morning, data showed.