At 11:25 IST, the barometer index, the S&P BSE Sensex, was down 16.52 points or 0.03% at 54,875.97. The Nifty 50 index fell 11.50 points or 0.07% at 16,344.75.
In the broader market, the S&P BSE Mid-Cap index lost 0.09% while the S&P BSE Small-Cap index was up by 0.09%.
The market breadth was positive. On the BSE, 1,585 shares rose and 1,493 shares fell. A total of 142 shares were unchanged.
Buzzing Index:
The Nifty Metal index fell 1.35% to 5,276.05. The index rose 0.14% in the past trading session.
Among the components of the Nifty Metal index, Tata Steel (down 2.36%), Vedanta (down 2%), Jindal Stainless (down 1.51%), National Aluminium Company (down 1.39%) and Hindalco Industries (down 1.36%) were the top losers.
Stocks in Spotlight:
Crompton Greaves Consumer Electricals fell 0.88% to Rs 348.15. The company on Wednesday announced that its board will meet on 13 June 2022, to consider a proposal to raise upto Rs 925 crore via debt securities. The company's board will consider issuing debt securities, including but not limited to secured/unsecured, rated, listed, redeemable non-convertible debentures on private placement basis.
Biocon advanced 4.07% to Rs 333.60, extending gains for second day. The stock has added 4.99% in two sessions, from its recent closing low of Rs 316.75 recorded on 7 June 2022. The stock has declined 17.90% in the past one year while the benchmark Sensex has added 5.80% during the same period.
Global Markets:
Most Asian shares declined on Thursday. China is set to announce its trade data for May later on Thursday.
The European Central Bank is also expected to signal a July rate hike at its policy meeting later on Thursday.
US stocks dipped overnight ahead of May's consumer price index reading slated for Friday. The S&P 500 shed 1.08% to 4,115.77. The Dow Jones Industrial Average slipped 269.24 points, or 0.81%, to 32,910.90. The Nasdaq Composite shed 0.73% to 12,086.27.
In the commodities market, Brent crude for August 2022 settlement was up 21 cents or 0.17% at $123.79 a barrel.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app