Stock market news, May 18 -- The key domestic indices, Sensex and Nifty 50, closed lower on Friday due to profit-taking in IT stocks and Bharti Airtel shares following a significant rally in the previous session.

The Sensex fell by 200.15 points, or 0.24%, settling at 82,330.59. At one point during the day, it dropped by 383.79 points, or 0.46%, reaching 82,146.95. Meanwhile, the Nifty 50 decreased by 42.30 points, or 0.17%, to end at 25,019.80.

Despite this, both the Sensex and Nifty 50 recorded gains for the week as investors responded positively to a ceasefire with Pakistan, trade discussions with the United States, and the anticipation of domestic interest rate reductions. The Nifty 50 increased by 4.21% to 25,019.80 over the week, ...