New Delhi, May 15 -- Indian stocks closed Friday's session on May 15 in the red after a volatile trading day that erased all the early gains in the benchmark indices and pushed them lower toward the close. While IT and select consumer goods stocks provided some support to the markets, strong selling pressure in financial and metal stocks outweighed the gains, dragging the headline indices into negative territory.

The Nifty concluded the session with a modest drop of 0.18% at the 23,646 level, while the Sensex ended at 75,210, a 0.25% drop from the previous close. The broader market, too, remained under pressure, with Nifty Midcap 100 and Nifty Small cap 100, each falling over 0.50%, underperforming the key averages.

In terms of weekly, ...