Stock Market LIVE Updates: Sensex, Nifty likely to open lower on weak global cues; GIFT Nifty falls

Trends on GIFT Nifty indicate a gap-down opening for the broader index in India, with a loss of 78 points or 0.34 percent. The Nifty futures were trading around 22,644 level.

#1 TPG Asia to sell entire 5 percent (56.3 lakh shares) stake worth RS 1000 crore in RR Kabel via block deals, likely at 4-5 percent discount

#2 General Atlantic Singapore likely to sell up to 6.8% stake in KFin Tech for Rs 833 crore via block deal. Floor price for block deal at Rs 712.5/share, 4% discount to Wednesday’s price: Sources

#3 IRB Infra promoters may sell up to 4% equity via block deal. Offer price range at Rs 63-72.70/share

#1 US futures slide as Salesforce shares plunge 16% on first revenue miss since 2006

#2 Wall Street ends with losses amid yield surge ahead of Personal consumption expenditure data on Friday

#3 Asia trades lower with Nikkei leading losses; yen hits 4-week low

#4 US 10-year yield tops 4.6% for the first time in nearly a month

#5 Oil dips amid US gasoline demand worries

#6 Gold loses shine as dollar strengthens

#7 GIFT Nifty indicates a fifth straight day of losses

US stocks fell on Wednesday amid further gains in Treasury yields and concern over the timing and scale of possible interest rate cuts from the Federal Reserve.

The Dow fell more than 1% and hit its lowest level in nearly a month. All of the S&P 500 sectors ended lower as well, with rate-sensitive utilities among sectors with the biggest declines.

The S&P 500 lost 39.09 points, or 0.74%, to 5,266.95 while the Nasdaq Composite lost 99.30 points, or 0.58%, to 16,920.58. The Dow Jones Industrial Average fell 411.32 points, or 1.06%, to 38,441.54.

Asian markets extended losses on Thursday, tracking Wall Street’s moves ahead of a slew of economic data from the region on Friday.

Japan’s Nikkei down nearly2%, while the broader Topix dropped 1.4% in early trading. South Korea’s Kospi shed nearly 1%.

The Indian equity market continued their losing streak for the fourth consecutive session on May 29 with Nifty at 22,700 amid selling seen in the oil & gas, IT, realty, and banking names.

At close, the Sensex was down 667.55 points or 0.89 percent at 74,502.90, and the Nifty was down 183.50 points or 0.80 percent at 22,704.70.

On the back of mixed global cues, the market opened on a negative note and extended the losses as the day progressed, with Sensex and Nifty falling below 74,500 and 22,700, respectively.

Biggest Nifty losers included HDFC Life, SBI Life Insurance, ICICI Bank, Tata Consumer Products and Tech Mahindra, while gainers were Hindalco, Power Grid Corp, Divis Labs, Nestle and Sun Pharma.

A mixed trend was seen on the sectoral front, with capital goods, telecom, healthcare, metal, power ending in the green, while auto, bank, FMCG, IT, oil & gas, and realty were down 0.3-1 percent.

The BSE midcap index was down 0.4 percent while the smallcap index was up 0.2 percent.