Financial Tribune - Tehran Stock Exchange began Tuesday trade with selloff pressure in almost all equities, causing the market to shed 1,464 points.

After significant gains on the first day of weekly trade, the market started to correct itself on Monday and continued to move on a downward trajectory Tuesday.

The main gauge of TSE, TEDPIX, rose 4,464 points on Saturday and lifted the index by 2.23% to register a new record at 204,375 points.

The bearish trend comes a day after the US administration announced Monday it will end sanction waivers that allowed countries to buy Iranian oil without facing US punishment.