New Delhi, Feb. 8 -- Following weak global market sentiments, the Indian stock market ended lower for the third straight session on Friday. The Nifty 50 index ended 43 points lower at 23,559, the BSE Sensex finished 197 points down at 77,860, whereas the Bank Nifty index corrected 223 points and closed at 50,158. In the broad market, the Small-cap index lost 0.68 per cent, while the Middle-cap index finished marginally higher.

Speaking on the triggers that may dictate the Indian stock market in the near term, Krishna Appala, Sr. Research Analyst at Capitalmind Research, said, "The combination of income tax cuts and RBI rate cuts creates a favourable environment for economic growth, but its success depends on how effectively tax savings t...