New Delhi, May 20 -- After trading in a narrow range for the past few sessions, Indian benchmark indices finally broke direction-albeit on the downside-with the Nifty 50 and Sensex falling over 0.8% in Tuesday's session (May 20). Despite the decline in frontline indices, the underlying sentiment remains positive, supported by continued inflows from overseas investors.

Although foreign investors turned net sellers in the previous session, the figure was relatively low at Rs.526 crore. The weakness in the Indian stock market suggests that investors appear to be booking profits amid a lack of fresh triggers after both the Nifty 50 and Sensex rose by 4% last week.

Meanwhile, last week's stellar rally also brought the Nifty 50 and Sensex clo...