New Delhi, June 15 -- Indian stock market suffered significant losses in the last two consecutive sessions due to heightened geopolitical tensions and persisting uncertainty surrounding the US tariff policy. Benchmark Nifty 50 cumulatively lost 1.7 per cent in the last two days, while for the week, it lost 1.14 per cent.

Foreign portfolio investors (FPIs) have been offloading Indian equities for the last three consecutive sessions in the cash market. Overall for June so far, FPIs have sold off Indian equities worth Rs.4,812.39 crore.

Sumeet Bagadia, Executive Director at Choice Broking, point out that immediate support for the Nifty 50 is at 24,500, and a breach of it on a closing basis could further weaken the market.

"The Indian stoc...