New Delhi, July 4 -- Indian stock market benchmarks, the Sensex and Nifty 50, declined for the second straight session on Thursday, July 3, amid mixed global signals. The Sensex dropped 170 points, or 0.20%, to settle at 83,239.47, while the Nifty 50 closed 48 points, or 0.19%, lower at 25,405.30.

In the broader market, the BSE Midcap index edged down 0.06%, whereas the Smallcap index defied the downward trend with a gain of 0.47%.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is cautious to positive as the Nifty 50 index is still above the crucial support of 25,300 to 25,250.

Speaking on the outlook of Indian stock market, Bagadia said, " The key benchmark index is facing hurdle at 2...