New Delhi, May 21 -- Continuing their downward trend for a third straight session, India's key stock indices - the Sensex and Nifty 50 - ended Tuesday, May 20, with sharp declines of more than 1% each, weighed down by mixed global signals and increasing worries about high market valuations.

The Sensex ended the session down by 873 points, or 1.06%, at 81,186.44, while the Nifty 50 declined by 262 points, or 1.05%, to close at 24,683.90.

The decline was widespread, with the BSE Midcap index falling by 1.65% and the Smallcap index ending down 0.96%.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is positive as the Nifty 50 index is trading above 24,500.

Speaking on the outlook of In...