New Delhi, June 4 -- Indian stock markets closed in the red on Tuesday, as both the Sensex and Nifty 50 extended their losing streak to a third straight session.

By the close of trading, the BSE Sensex had dropped 636.24 points, or 0.78%, settling at 80,737.51. Meanwhile, the NSE Nifty 50 slipped 174.10 points, or 0.70%, to end at 24,542.50.

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

Speaking on the outlook of Indian stock market, Bagadia said, " On breaching this support the market bias may turn weak and the key benchmark index may try to test 24,150 to 24,200 levels. On the upper side, the 50-stock index is...