Indian stock market, June 7 -- Indian benchmark indices Sensex and Nifty 50 closed lower on Friday, 5 June, as investors booked profits following the Reserve Bank of India's latest policy decision, which included a downward revision to economic growth forecasts and a higher inflation outlook for FY27.

The Sensex declined 116.67 points, or 0.16%, to settle at 74,243.34, after swinging 728 points during the session between an intraday high of 74,717.57 and a low of 73,988.75. The Nifty 50 slipped 49.85 points, or 0.21%, to close at 23,366.70.

Market sentiment was also weighed down by persistent foreign fund outflows, geopolitical uncertainties and weakness across broader Asian markets.

In its monetary policy announcement, the RBI kept th...