New Delhi, June 15 -- A flare-up in tensions between Israel and Iran, persistent uncertainty around the US tariff policy, and foreign capital outflows weighed heavily on the Indian stock market last week. The benchmark Nifty 50 closed at 24,718.60, down 0.68 per cent, on Friday. HDFC Bank, Reliance Industries, ITC, ICICI Bank, and SBI were among the top drags on the index.

For the week ended June 13, the Nifty 50 declined 1.14 per cent, while the Sensex fell 1.30 per cent. Broader market also declined but they still outperformed. The BSE Midcap index fell 0.90 per cent, while the BSE Smallcap slipped 0.13 per cent.

"The Indian equity market witnessed heightened volatility last week, ultimately closing in the red. Early optimism, driven ...