Stock market today, May 16 -- The domestic benchmark indices, Nifty 50 and Sensex, dipped on Friday following a pullback in significant financial and information technology stocks after a week of gains.

As of 13:45 IST, the Nifty 50 decreased by 0.26% to 24,996.15, while the Sensex fell by 0.32% to 82,270.09.

On Thursday, the indexes reached their highest levels in seven months after US President Donald Trump announced that India had proposed a trade agreement with no tariffs. Over the past four sessions, they have climbed approximately 4%, supported by a ceasefire between India and Pakistan after a recent border conflict.

Prashanth Tapse from Mehta Equities anticipates that the Nifty 50 will continue to rise towards the 25,200-25,300 ...