CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.

hare brokers react to falling stock prices on screens of computers and television

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	<b>CLOSING BELL<br />
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	Stock market highlights:&nbsp;</b>Stock markets were back on the downtrend after a two-day hiatus, as lack of triggers erased momentum. The BSE Sensex index slumped 710 points, or 1.35 per cent, to end at 51,823 with 28 of the 30 index constituents settling in the red.&nbsp;</div>
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	The Nifty50, meanwhile, closed at 15,413, down 226 points or 1.44 per cent.<br />
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	<strong>ALSO READ:&nbsp;<a href="https://www.business-standard.com/article/markets/5-reasons-why-bofa-securities-has-cut-year-end-nifty-target-to-14-500-122062200465_1.html" target="_blank">5 reasons why BofA Securities has cut year-end Nifty target to 14,500</a></strong><br />
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	The laggards on these indices, including Hindalco, UPL, Tata Steel, JSW Steel, Wipro, ONGC, Reliance Industries, Adani Ports, Coal India, HCL Tech, SBI Life, Bajaj Finserv, Tata Consumer Products, and IndusInd Bank, dropped between 2.5 per cent and 6 per cent.</div>
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	Maruti Suzuki, TCS, Power Grid, Hero MotoCorp, and BPCL were the only gainers, adding up to 1.3 per cent.<br />
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	<strong>ALSO READ:&nbsp;<a href="https://www.business-standard.com/article/markets/boi-pnb-iob-5-psbs-form-falling-knife-pattern-charts-say-stay-away-122062200427_1.html" target="_blank">5 PSBs form &#39;falling knife&#39; pattern; charts say stay away</a></strong></div>
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	In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent. On the sectoral front, all the key indices closed in the red with the Nifty Metal index down 5 per cent, and Nifty Oil & Gas index 2 per cent.</div>
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	<strong>Global markets</strong></div>
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	European stocks fell sharply on Wednesday, with the pan-European Stoxx 600 dropping 1.6 per cent in early trade. On Wall Street, Dow Jones Futures fell 1.4 per cent, or over 400 points, while S&P500 and Nasdaq Futures shed up to 2 per cent.</div>
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	Earlier in Asia, Nikkei fell 0.4 per cent, Kospi plunged about 2.7 per cent, and CSI300 declined 1.3 per cent.</div>
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Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%

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Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3% | News on Markets - Business Standard

DIIs outweigh FPI selling: Buy shares worth Rs 3,066 crores Tuesday

FPI selloff: Rs 2,701 crores worth of shares sold in cash market Tuesday

US President Biden may call for temporary suspension of federal gasoline tax: Reports

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	Biden will deliver remarks on gas prices on Wednesday.&nbsp;<br />
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		<img align="" alt="President Joe Biden speaks about the latest round of mass shootings, from the East Room of the White House in Washington, Thursday, June 2, 2022. Biden is attempting to increase pressure on Congress to pass stricter gun limits after such efforts fail" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2022-06/03/full/joe-biden-1654236376-1993100.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Joe Biden" width="620" /></div>
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Rupee closes 10 paise weaker Tuesday at 78.08/$

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	<img align="left" alt="chart" class="imgCont" height="251" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-06/22/full/1655867305-8227.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="537" />
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		source: bloomberg</div>
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SGX Nifty trades 100 pts lower; hints at likely gap-down start

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	<img align="left" alt="chart" class="imgCont" height="193" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-06/22/full/1655867219-0116.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="456" />
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		source: investing.com</div>
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Brent crude 3.6% down in trade at $110 a barrel

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	<img align="left" alt="chart" class="imgCont" height="161" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-06/22/full/1655867051-7597.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="319" />
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		source: oilprice.com</div>
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US equity futures defy cash market rally; trade with cuts

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	<img align="left" alt="chart" class="imgCont" height="80" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-06/22/full/1655866885-5964.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="488" />
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		source: finance.yahoo.com</div>
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US rally fails to lift Asian markets amid recession fears

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	<img align="left" alt="chart" class="imgCont" height="179" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-06/22/full/1655866753-8832.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="440" />
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		source: finance.yahoo.com</div>
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European indices end with tepid gains Tuesday

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	<img align="left" alt="chart" class="imgCont" height="291" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-06/22/full/1655866309-3463.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="592" />
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		source: Reuters</div>
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