New Delhi, May 20 -- Continuing their decline for a second straight session, India's key stock indices-the Sensex and Nifty 50-closed lower on Monday, May 19, amid negative global signals.

The Sensex dropped 271 points, or 0.33%, to end at 82,059.42, while the Nifty 50 slipped 75 points, or 0.30%, to finish at 24,944.45.

The mid- and small-cap sectors maintained their strong performance, with the BSE Midcap index increasing by 0.27% and the Smallcap index advancing by 0.75%.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is positive until the Nifty 50 index is above 24,800.

Speaking on the outlook of Indian stock market, Bagadia said, " The 50-stock index is facing hurdle at 25,40...