New Delhi, June 14 -- Indian stock market extended its fall for the second consecutive session on Friday, with both the benchmark indices, Sensex and Nifty 50, closing over half a percent lower each, as escalating conflict between Israel and Iran triggered risk-off sentiment.

The Sensex dropped 573.38 points, or 0.70%, to close at 81,118.60, while the Nifty 50 settled 169.60 points, or 0.68%, lower at 24,718.60. Bank Nifty index slipped 555.20 points, or 0.99%, to end at 55,527.35.

For the week, the Sensex declined 1.30%, Nifty 50 fell 1.13%, and the Bank Nifty plunged 1.86%.

The benchmark Nifty 50 held above the 24,700 level, while the next support lies around 24,500 level.

"The Indian stock market sentiment has turned cautious as th...