New Delhi, Aug. 25 -- Snapping a six-day winning run, benchmark indices Sensex and Nifty 50 fell by nearly 1 per cent each on Friday, August 22, dragged down by weak global signals.

The Sensex declined 694 points, or 0.85 per cent, to close at 81,306.85, while the Nifty 50 slipped 214 points, or 0.85 per cent, to settle at 24,870.10. The BSE Midcap and Smallcap indices also ended lower, down 0.23 per cent and 0.35 per cent, respectively.

Sumeet Bagadia, Executive Director at Choice Broking, believes that outlook for the Indian stock market has turned cautious as the Nifty 50 index ended close to 50-DEMA support placed at 24,820 levels.

Speaking on the outlook of Indian stock market, Bagadia said, " The key benchmark index is facing res...