At 9:28 IST, the barometer index, the S&P BSE Sensex, declined 457.84 points or 0.82% at 55,217.48. The Nifty 50 index fell 127.55 points or 0.77% at 16,442.
In the broader market, the S&P BSE Mid-Cap index lost 0.50% while the S&P BSE Small-Cap index was up by 0.01%.
The market breadth, indicating the overall health of the market, was positive. On the BSE, 1,214 shares rose and 1,183 shares fell. A total of 114 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,397.65 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,940 crore in the Indian equity market on 6 June 2022, provisional data showed.
RBI's Monetary Policy Committee (MPC) is meeting from 6th to 8th June 2022. After the 40 basis points off-cycle rate hike on 4 May 2022, RBI is widely expected to increase the policy rate further.
Stocks in Spotlight:
SBI Cards and Payment Services fell 0.13% to Rs 772.95. The company's board approved raising upto Rs 2,500 crore by issuing non-convertible debentures (NCDs) in one or more tranches, on private placement basis.
HLE Glascoat rose 1.77% to Rs 3,480. The company's board approved 5-for-1 stock split and fundraising of upto Rs 350 crore.
NMDC fell 0.12% to Rs 124.50. The state-owned miner has fixed the price of lump ore at Rs 4,400 per tonne, and Fines at Rs 3,310 per tonne with effect from 5 June, down from Rs 5,500 per tonne and Rs 4,410 per tonne on 25 May this year.
Global Markets:
Asian shares were mixed on Tuesday, with the yen hitting a 20-year low, as investors nervously awaited U.S. inflation figures.
The US 10-year Treasury yield was up 0.31% to 3.047% in the Asia session.
In Europe, British Prime Minister Boris Johnson survived a no-confidence vote among his Conservative Party's lawmakers on Monday.
US markets closed slightly higher on Monday led by gains in Amazon and other mega-cap growth shares, while persistent worries over inflation and interest rates kept a lid on the market. The Dow Jones Industrial Average rose 16.08 points, or 0.05%, to 32,915.78, the S&P 500 gained 12.89 points, or 0.31%, to 4,121.43 and the Nasdaq Composite added 48.64 points, or 0.4%, to 12,061.37.
In the commodities market, Brent crude for August 2022 settlement was up 88 cents or 0.74% at $120.39 a barrel. Oil prices inched higher on expected demand recovery in China as it relaxed tough Covid curbs.
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