New Delhi, June 16 -- Following weak global market sentiments on the Israel-Iran war updates, the Indian stock market extended its selling spree for the second straight session on Friday last week. The Nifty 50 index finished 169 points lower at 24,718. The BSE Sensex shed 573 points and closed at 81,118, while the Bank Nifty index ended 555 points down at 55,527. Trading volumes on the NSE cash market were down by 11% compared to yesterday. BEL, ONGC and Tech Mahindra managed to show some resilience, emerging as major gainers on the Nifty. Conversely, Adani Ports, ITC, and SBI bore the brunt of significant selling pressure, ultimately closing the session as major losers.

On the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior ...