New Delhi, June 1 -- The Indian stock market closed marginally lower on Friday, May 30, influenced by mixed global signals. The Sensex declined by 182 points, or 0.22%, ending at 81,451.01, while the Nifty 50 dropped 83 points, or 0.33%, to settle at 24,750.70 on the opening day of the June futures and options (F&O) series. This marked the second straight week of losses for the benchmark indices.

The Nifty index posted gains for the third straight month, climbing close to 2% in May. However, its momentum has slowed recently as high valuations and the absence of new positive catalysts have led to a period of consolidation.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the undertone for the Indian stock market is pos...