New Delhi, July 21 -- The Indian stock market closed lower for the second straight session on Friday, July 18, as investors continued to reduce their equity holdings due to lackluster earnings, high market valuations, and ongoing uncertainty surrounding tariffs.

The Sensex declined by 502 points, or 0.61 per cent, ending at 81,757.73, while the Nifty 50 fell 143 points, or 0.57 per cent, to close at 24,968.40. The BSE Midcap index slipped 0.62 per cent, and the Smallcap index dropped by 0.64 per cent.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has turned weak as the Nifty 50 index has closed close to its 50-DEMA support of 24,900.

Speaking on the outlook of Indian stock market, Bag...