New Delhi, March 6 -- Indian stock market on Friday failed to sustain gaining momentum and slipped over 1 per cent. Nifty was down at 24,450 amid selling pressure across the sectors.

At close, the Sensex was down 1,097 points or 1.37 per cent at 78,918.90, and the Nifty was down 315.45 points or 1.27 per cent at 24,450.45.

Broader indices outperformed with Nifty Midcap index falling 0.7 per cent, and Smallcap index down 0.2pc.

The overall market capitalisation of BSE-listed firms slipped to Rs 450 lakh crore from Rs 453 lakh crore in the previous session.

Among the sectors, most of the indices ended on a mixed note. On the declining side were Auto, realty, PSU Bank, and private bank indices falling 1-2pc. Defence index surged nearly 3pc...