Market Update

The Indian stock market resumed its losing run after a one-day hiatus on Wednesday, 3 June, although it closed significantly off the day's low, signalling some low-level buying by investors. BSE Sensex closed the session 850 points off the day's low at 74,346.17, shedding just 304 points or 0.41%. It had slumped over 1,000 points in intraday deals today. Meanwhile, NSE's Nifty 50 index also ended sharply above its day's low of 23,151. The 50-pack index settled the session at 23,406, down 78 points or 0.33%. The Indian benchmark indices have now fallen in five of the last six trading sessions. The broader market trend was mixed. Nifty Midcap 100 index underperformed as it shed 0.40%. Nifty Smallcap 100, meanwhile, lost just 0.16%.