At 13:28 IST, the barometer index, the S&P BSE Sensex rose 104.16 points or 0.14% to 74,087.34. The Nifty 50 index rose 30.70 points or 0.15% to 23,252.

In the broader market, the BSE 150 MidCap Index fell 0.75% and the BSE 250 SmallCap Index shed 0.76%.

The market breadth was negative. On the BSE, 1,400 shares rose and 2,557 shares fell. A total of 233 shares were unchanged.

Gainers & Losers:

ICICI Bank (up 2.94%), Kotak Mahindra Bank (up 2.40%), Mahindra & Mahindra (up 1.74%), Axis Bank (up 1.51%) and JSW Steel Bank (up 1.35%) were the major Nifty50 gainers.

Infosys (down 2.28%), HCL Technologies (down 1.85%), Trent (down 1.54%), Tata Motors Passenger Vehicles (down 1.51%) and Bharat Electronics (down 1.35%) were the major Nifty50 losers.

Stocks in Spotlight:

Monarch Surveyors and Engineering Consultants fell 3.29%. The company has secured a domestic order worth Rs 16.47 crore from the Maharashtra Rural Roads Development Association for implementation support under a rural roads development programme in Maharashtra.

Kalyani Forge added 1.22%. The company announced that its chief financial officer, Jagdish Baheti, has resigned from his position due to personal reasons.

Zaggle Prepaid Ocean Services fell 1.57%. The company said that it has entered into an agreement with Crompton Greaves Consumer Electricals for providing Zaggle Save, an employee expense management & benefits software.

Global Markets:

European stocks struggled for direction on Thursday as investors awaited a widely anticipated interest-rate increase from the European Central Bank, while mounting tensions between the U.S. and Iran kept risk appetite in check.

Asian stocks traded lower as investor sentiment was weighed down by a Wall Street selloff after a hotter-than-expected U.S. inflation reading and renewed U.S.-Iran tensions that have fuelled a rise in oil prices.

U.S. annual inflation rose to 4.2% in May 2026, its highest level since April 2023, up from 3.8% in April, driven mainly by a sharp increase in energy prices amid the Iran conflict. Energy costs surged 23.5% year-on-year, while core inflation edged up to 2.9%. On a monthly basis, CPI rose 0.5%, in line with expectations.

Investors are now closely monitoring the release of the US Producer Price Index (PPI) data for May, which is expected later in the day.

The United States began a fresh round of strikes against multiple targets in Iran, the U.S. military said on Wednesday, hours after President Donald Trump vowed new attacks if no peace deal is secured. Iran announced the closure of the Strait of Hormuz in response. Brent crude rose 2% to $94.93 a barrel as trading resumed in Asia.

Overnight on Wall Street, U.S. equities fell on Wednesday after President Donald Trump signaled that negotiations with Iran were taking 'too long' and threatened more action.

The Dow Jones Industrial Average fell by 953.33 points, or 1.87%, to 49,918.78. The S&P 500 lost 1.62% to end at 7,266.99, and the Nasdaq Composite dropped 1.98% to settle at 25,169.50.

The major averages dropped after Trump pledged more Iran attacks, saying that 'we're going to be attacking them very hard.' He wrote early Wednesday that Iran has taken too long to negotiate a deal that would have been great for them; now they will have to pay the price.'

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