New Delhi, May 19 -- The Indian stock market paused briefly on Friday, May 16, after reaching a seven-month high, as weak global cues and a significant slump in domestic tech stocks weighed on investor sentiment.

The Nifty 50 dipped 42 points, or 0.17%, to close slightly above the 25,000 mark at 25,019, while the Sensex fell by 200 points, or 0.24%, ending at 82,330. Despite the day's losses, both indices still posted strong weekly gains of over 4%.

Broader markets performed even better, with the Nifty Midcap 100 rising 7.21% during the week and the Nifty Smallcap 100 jumping by an impressive 9%.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is positive as the Nifty 50 index has m...