New Delhi, July 23 -- The Indian stock market ended in red on Tuesday, July 22, weighed down by weak global cues, ending strong gains a day before. The benchmark indices closed flat with a slight negative bias. The Sensex dipped 14 points to end at 82,186.81, while the Nifty 50 fell 30 points, or 0.12%, to settle at 25,060.90.

Broader markets fared worse, with the BSE Midcap index declining by 0.62% and the Smallcap index slipping 0.17%.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market is indicating a trend reversal as the Nifty 50 index has bounced back strongly after inching close to 50-DEMA support of 24,900.

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