Indian stock market, May 10 -- Indian equities witnessed selling pressure on Friday, May 8, as both benchmark indices declined more than 0.50% amid escalating geopolitical tensions triggered by reported Iran-US clashes near the Strait of Hormuz.

The Nifty 50 settled 0.55% lower at 24,193, while the Sensex dropped 0.67% to close at 77,321. Despite sharp intraday volatility, both indices managed to post weekly gains of over 0.70%. In the broader market, performance remained mixed. The Nifty Smallcap 100 index advanced 0.22%, whereas the Nifty Midcap 100 index edged down 0.15%.

On Friday, the Nifty 50 opened with a gap-down at 24,233.65 and witnessed weakness throughout the session. The index recorded its intraday high of 24,253.00 in the ...