New Delhi, May 11 -- The benchmark indices, the Sensex and Nifty 50, extended their losses for a second straight session on Friday, 8 May, weighed down by weakness in banking and financial stocks.

The Sensex fell 516 points (0.66%) to close at 77,328.19, while the Nifty 50 declined 151 points (0.62%) to settle at 24,176.15.

Selling pressure was led by heavyweight lenders, including State Bank of India, HDFC Bank, ICICI Bank, and Axis Bank, which emerged as the top drags on the Sensex. Overall, 18 of the 30 index constituents ended in the red.

In contrast, broader markets showed relative resilience. The BSE Midcap index edged down 0.05%, while the BSE Smallcap index managed a modest gain of 0.15%, continuing its outperformance trend.

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