Mumbai, March 28 -- The domestic equity benchmarks closed with modest cuts on Friday amid a volatile session, influenced by foreign inflows and ongoing uncertainties surrounding U.S. President Donald Trump's tariff plan. The rupee strengthened against the US dollar and gold hit an all-time high today. The Nifty closed below the 23,550 mark. Shares in the Media, IT and realty sectors declined, while those FMCG and private bank sectors advanced.

The S&P BSE Sensex slipped 191.51 points or 0.25% to 77,414.92. The Nifty 50 index declined 72.60 points, or 0.31%, to 23,519.35.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.68%, and the S&P BSE Small-Cap index shed 0.35%.

The market breadth was negat...