prasannapakkiam said:
Okay. But why is it that the curve goes down? I mean in a microscopic view, what is the reason?
Atoms move in the atomic/crystal lattice, and that causes some permanent or plastic deformation.
In the straight portion of the stress-strain curve, there is a linear relationship (Hooke's law) between stress and strain, and the slope (proportionality constant) is the elastic modulus (also called Young's modulus). Also placing a material in tension imposes a mechanical energy into the material - and there is another parameter called strain energy density which is related to the mechanical energy.
http://em-ntserver.unl.edu/Mechanics-Pages/Marina-Gandelsman/strain.html
When a material begins to yield, atoms have started to move within the lattice. Now it is complicated in a polycrystalline material because some grains will permanently deform before others, because stresses are not uniformly distributed, because grains have different sizes and orientations, not to mention composition. There is even grain boundary slippage.
The differences in orientation also mean that some grains experience mostly tension while others may experience more shear, and with localized shear, some grains may actually experience compression.
The tensile test measures a bulk (average) material behavior and one must keep that in mind when applying the results to simulations of materials on microscopic or nanoscopic (atomistic) level.