Mumbai, May 8 -- The domestic equity markets ended the week under pressure on Friday as fresh military actions near the Strait of Hormuz weighed on investor sentiment, leading both benchmark indices to close in the red.

The Nifty 50 index closed at 24,176.15, down 150.50 points or 0.62 per cent, while the BSE Sensex settled at 77,328.19, declining 516.33 points or 0.66 per cent.

Market experts said investors turned cautious after renewed US-Iran military tensions near the Strait of Hormuz weakened hopes of a ceasefire and triggered profit booking in equities.

Vinod Nair, Head of Research, Geojit Investments, said markets witnessed a risk-off session amid rising geopolitical concerns.

"Markets witnessed a risk-off session following fre...