New Delhi, May 31 -- The Indian stock market experienced a volatile trading week and ultimately closed in negative territory, with benchmark indices extending losses for a third straight session.

As a result, the Nifty slipped 0.72% to end at 23,547.75, while the Sensex declined 0.85% to close at 74,775.74. In contrast, the broader market continued to demonstrate resilience, with the midcap index rising 0.54% and the smallcap index gaining 1.20%, reflecting continued selective buying interest beyond large-cap stocks.

"In the holiday-shortened week, Indian equity markets concluded on a subdued note amid heightened volatility, as persistent foreign institutional investor (FII) outflows and profit booking in heavyweight stocks weighed on s...