Auto, energy stocks drag Sensex over 550 pts lower, Nifty below 24,900

Indian markets declined on Friday, influenced by losses in Bajaj twins, Reliance Industries, and Infosys, despite a new trade pact with Britain. Investors are monitoring the India-UK FTA, which aims to reduce tariffs on various goods. Market sentiment remains cautious due to ongoing trade negotiations with the U.S. and sustained selling by FIIs.