New Delhi, June 18 -- Indian stock market benchmarks-the Sensex and the Nifty 50-closed lower on Tuesday, June 17, as investors booked profits in major stocks like HDFC Bank, Reliance Industries, and Bajaj Finance, amid subdued global sentiment. The Sensex dropped 213 points, or 0.26%, to settle at 81,583.30, while the Nifty 50 slipped 93 points, or 0.37%, to close at 24,853.40.

Broader markets witnessed sharper declines, with the BSE Midcap index losing 0.56% and the Smallcap index falling 0.67%.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is cautious to positive as the Nifty 50 index is trading in 24,500 to 25,200 range.

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