The key equity benchmarks saw minor losses in mid-afternoon trade, with the Nifty trading below the 24,350 level. Metal shares declined following gains in the previous session.
At 14:30 IST, the S&P BSE Sensex was down 46.99 points or 0.06% at 79,903.90, while the Nifty 50 index shed 17.80 points or 0.07% to 24,306.05.
In the broader market, the S&P BSE Mid-Cap index fell 0.17% and the S&P BSE Small-Cap index shed 0.14%.
The market breadth was negative, with more shares falling than rising. On the BSE, 1,754 shares rose, 2,276 shares fell, and 111 shares remained unchanged.
The Pre-Budget consultations for Union Budget 2024-25 concluded on July 5, 2024. The consultations involved over 120 invitees across various stakeholder groups, discussing a wide range of economic sectors.
The Nifty Metal index fell 1.03% to 9,867.70, with stocks like Jindal Steel & Power, Adani Enterprises, and JSW Steel among the top losers. On the other hand, National Aluminium Company, Hindustan Copper, and Ratnamani Metals & Tubes saw gains.
In other financial indicators, the yield on India’s 10-year benchmark federal bond decreased slightly, while the rupee strengthened against the dollar. Gold futures declined, while the US Dollar index and US 10-year bond yield saw slight gains. Brent crude prices also dropped in the commodities market.
Stocks in focus included Ajmera Realty & Infra, HPL Electric & Power, and Jammu & Kashmir Bank, each experiencing significant movements based on company announcements and financial performance.
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