New Delhi, July 15 -- The downside momentum continued in the Indian stock market for the fourth consecutive session on Monday. The Nifty 50 index went off 67 points and closed at 25,082, the BSE Sensex ended 247 points lower at 82,253, while the Bank Nifty index finished marginally higher at 56,765. Meanwhile, the broader markets witnessed buying interest with Nifty Midcap100 and Smallcap100 indices rising by 0.7% and 1.0% each. Amongst sectors, Nifty Pharma gained 0.8% amid expectations of a favourable outcome in the US-India trade deal. On the other hand, Nifty IT lost 1.1% as TCS's weak Q1 earnings and cautious guidance sparked a broad sectoral sell-off.

Speaking on the outlook of the Indian stock market, Siddhartha Khemka, Head of Re...