Mumbai, May 16 -- The benchmark equity indices closed with marginal losses today, ending a two-day winning streak, as investors booked profits following a sharp rally in the previous session. Market sentiment remained cautious ahead of key Q4 earnings announcements. Despite the subdued close, ongoing trade negotiations with the United States are expected to lend support to market sentiment, especially in the context of easing geopolitical tensions. The Nifty closed below the 25,050 level. Sector-wise, realty, media, and FMCG stocks found favour, while IT, metals, and pharma bore the brunt of the selling.

The S&P BSE Sensex declined 200.15 points or 0.24% to 82,330.59. The Nifty 50 index fell 42.30 points or 0.17% to 25,019.80.

Bharat El...