New Delhi, May 8 -- The domestic market experienced selling pressure during Friday's (8 May) session as weak global cues, a rebound in crude oil prices, and fresh escalation in the Middle East conflict weighed on sentiment.

The Nifty 50 dropped by more than half a per cent to fall below 24,150, while the 30-share pack Sensex declined about 600 points in the first half of the session.

"The de-escalation-escalation drama in West Asia continues with crude prices moving down and up in response. An important market trend amidst this crisis is that despite this geopolitical tension, some markets are doing extremely well while some others are performing poorly," VK Vijayakumar, Chief Investment Strategist, Geojit Investments, noted.

Meanwhile...