Indian stock market, Aug. 24 -- Snapping a six-day winning streak, benchmark indices Sensex and Nifty 50 declined by nearly 1 per cent each on Friday, August 22, weighed down by weak global cues.

The Sensex dropped 694 points, or 0.85 per cent, to finish at 81,306.85, while the Nifty 50 ended 214 points lower, or 0.85 per cent, at 24,870.10. The BSE Midcap and Smallcap indices also slipped, closing down 0.23 per cent and 0.35 per cent, respectively.

Fears surrounding impending Trump tariffs have dampened hopes for the proposed GST reforms and a potential S&P upgrade, as the August 27 deadline for the additional 25 per cent tariffs draws near.

On a weekly basis, however, the frontline indices gained around 1 per cent each, marking their...