At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 225.26 points or 0.41% to 54,667.23. The Nifty 50 index fell 64.85 points or 0.40% to 16,291.40.
In the broader market, the S&P BSE Mid-Cap index lost 0.35% while the S&P BSE Small-Cap index dropped 0.07%.
Market breadth, which indicates the overall health of the market, is positive. On the BSE, 1,209 shares rose and 1,111 shares fell. A total of 107 parts remained unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,484.25 crore, while domestic institutional investors (DIIs), were net buyers worth Rs 1,904.33 crore in the Indian equity market on 7 June 2022, the temporary data.
Spotlight stocks:
Wipro fell 0.40% to Rs 468.55. The IT major along with ServiceNow, will contribute to Petrobras, the largest publicly traded company in Brazil and one of the largest companies of oil exploration, natural gas and derivatives, production and distribution in the world, to advance its digital journey . The project aims to raise the level of service for internal users and reduce costs by modernizing and aligning business IT infrastructure processes through modern cloud solutions focused on automation and integration.
The scope of the project relates to the maintenance of IT assets, system updates, and digitization processes.
Tata Power Company rose 0.41% to Rs 233.95. Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power, has deployed 450 MW DC solar pant capacity for Brookfield Renewable India in Rajasthan. The installation required setting up over 800,000 modules and was completed within a record 7 month timeline. The project will generate more than 800GWh of clean energy annually and help prevent up to 600,000 tonnes of annual CO 2 emissions.
Rail Vikas Nigam rose 0.94% to Rs 32.25. The company entered into an agreement with “Kyrgyzindustry” for the implementation of infrastructure projects in the Kyrgyz Republic specifically the Railway Line Network on terms and conditions mutually agreed upon.
Global Markets:
Most parts of Asia declined on Thursday. China is set to release 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.
U.S. stocks fell overnight before the May consumer price index reading scheduled for Friday. The S&P 500 was down 1.08% to 4,115.77. The Dow Jones Industrial Average fell 269.24 points, or 0.81%, to 32,910.90. The Nasdaq Composite was down 0.73% to 12,086.27.
In the commodities market, Brent crude for the August 2022 settlement rose 11 cents or 0.09% to $ 123.69 per barrel.
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(This story was not edited by Business Standard staff and was automatically generated from a syndicated feed.)
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