New Delhi, Aug. 11 -- A sharp wave of selling swept through the Indian stock market, pulling the benchmark indices down by around 1 per cent each, on Friday, August 8.

The Sensex tumbled 765 points, or 0.95 per cent, to settle at 79,857.79, while the Nifty 50 slipped 233 points, or 0.95 per cent, ending at 24,363.30.

Among the broader markets, the BSE Midcap index fell 1.56 per cent, and the Smallcap index declined 1.03 per cent.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has turned weak as the Nifty 50 index has slipped below 24,500 decisively and the 50-stock index has now made its base around its 200-DEMA support at 24,000.

Speaking on the outlook of Indian stock market, Bagadi...