New Delhi, Sept. 5 -- Indian stock market benchmarks closed with slight gains on Thursday, September 4, while mid- and small-cap stocks witnessed sharp declines. The initial optimism over major GST reforms faded, as concerns about ongoing US tariffs and continuous foreign capital outflows weighed on market sentiment.

The Sensex rose 150 points, or 0.19 per cent, to close at 80,718, while the Nifty 50 edged up 19 points, or 0.08 per cent, to 24,734.30. Meanwhile, both the BSE Midcap and Smallcap indices slipped 0.60 per cent each.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is positive despite the fact that Nifty 50 index pares it's morning losses and closed below 24,800 after breachi...