New Delhi, Aug. 7 -- After the Reserve Bank of India's policy announcement, the Sensex slipped by 166.26 points, closing at 80,543.99, while the Nifty fell 75.35 points to settle at 24,574.20. Investor sentiment was further weighed down by former U.S. President Donald Trump's renewed warning of increased tariffs on Indian exports.

Amid the broader market decline, both mid and small-cap stocks came under pressure, with the NSE Midcap index dropping 0.8 percent and the Smallcap index declining by more than 1 percent.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is cautious as the Nifty 50 index has closed near it's support placed at 24,500.

Speaking on the outlook of Indian stock marke...