New Delhi, July 17 -- The Sensex and Nifty 50 closed nearly flat on Wednesday, July 16, amid mixed signals from global markets.

The Sensex rose by 64 points, or 0.08 per cent, to finish at 82,634.48, while the Nifty 50 inched up 16 points, or 0.06 per cent, to settle at 25,212.05.

The BSE Midcap index closed 0.10 per cent higher, largely mirroring the performance of the benchmark indices. In contrast, the BSE Smallcap index registered a relatively stronger gain of 0.28 per cent.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has improved as the Nifty 50 index has sustained above the crucial 50-DEMA support of 24,900.

Speaking on the outlook of Indian stock market, Bagadia said, " The ...