New Delhi, May 29 -- The benchmark indices, Sensex and Nifty 50, declined for a second straight session on Wednesday, May 29, due to weak global signals.

The Sensex dropped 239 points, or 0.29%, to settle at 81,312.32, while the Nifty 50 slipped 74 points, or 0.30%, closing at 24,752.45.

Meanwhile, the BSE Midcap index also finished in the red, down 0.22%, but the Small-cap index moved against the trend, gaining 0.50%.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the undertone for the Indian stock market is positive but the Nifty 50 index is facing hurdle at 25,000 levels.

Speaking on the outlook of Indian stock market, Bagadia said, " On breaching above this resistance, we can expect the benchmark index to touc...