Among sectoral indices, the Nifty PSU Bank index ended nearly 2% lower led by a fall in the shares of Syndicate Bank, Union Bank of India and Punjab National Bank.

MARKETS LIVE, Nifty, Sensex, Asian shares, oil prices, RBI minutes, RBI

<div>
	
	The indices ended lower on Thursday led by a fall in the shares of public sector banks and metal stocks&nbsp;amid lack of any strong developments in domestic and global markets.&nbsp;The S&P BSE Sensex ended at 35,432, down 115 points while the broader Nifty50 index settled at 10,741, down 31 points.<br />
	<br />
	Among sectoral indices, the Nifty PSU Bank index ended nearly 2% lower led by a fall in the shares of Syndicate Bank,&nbsp;Union Bank of India and&nbsp;Punjab National Bank.<br />
	<br />
	<a href="https://www.business-standard.com/stocks/market-statistics/bse/most-active-volume?sector-id=Non+Ferrous+Metals&indices=All" target="_blank"><strong>Click here to check how metal stocks traded today</strong></a><br />
	<br />
	Shares of Bank of Maharashtra hit a record low of Rs 12.50 per share, falling 7% on the BSE in intraday trade, after a media report suggested that the Economic Offences Wing (EOW) arrested Ravindra P. Marathe, the Chairman and Managing Director (CMD) of the bank, in a case of Rs 30 billion fraudulent loans extended to Pune&#39;s DSK Group.<br />
	<br />
	<strong>GLOBAL MARKETS</strong><br />
	<br />
	Shares crept higher in most major markets on Thursday as a lull in the Sino-US trade tussle and talk of more stimulus in China helped calm nerves, though the nagging trade tensions caused Chinese shares to slip, dragging other Asian markets lower.<br />
	<br />
	MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan had gained as much as 0.5 per cent before falls led by Chinese shares pushed it down 0.4 per cent.&nbsp;The CSI300 index of Shanghai and Shenzen shares dropped 0.4 per cent, while&nbsp;Japan&#39;s Nikkei added 0.6 per cent.<br />
	<br />
	<strong>OIL PRICES</strong><br />
	<br />
	<div>
		Oil prices eased a touch as nerves grew ahead of Friday&rsquo;s meeting between OPEC and other big producers, including Russia, with growing expectations that the Vienna talks could result in an agreement to increase crude supplies.</div>
	<br>
</div>
<br />
<strong>RBI REVIEW MEETING</strong><br />
<br />
<div>
	Back home, minutes of the June 4-6 review meeting suugested that the monetary policy committee (MPC) of the Reserve Bank cited volatility in the price of imported crude oil as the biggest concern for the economy, nudging the panel to effect a rate hike after years.</div>
<br />
<div>
	All six members of the MPC maintained their neutral policy stance and also voted in favour of a repo rate increase of 25 basis points to 6.25 per cent, reveal the minutes of that June 4-6 meeting. The minutes were published on Wednesday.&nbsp;<br />
	<br />
	<em>(with Reuters inputs)</em></div>

MARKET WRAP: Sensex ends 115 pts lower, Nifty at 10,741; PSU banks slip

Business Standard

MARKET WRAP: Sensex ends 115 pts lower, Nifty at 10,741; PSU banks slip | News on Markets - Business Standard

<div>
	<strong>SGX Nifty</strong></div>
<div>
	&nbsp;</div>
<div>
	Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a rise of 9.5 points or 0.09 per cent. Nifty futures were trading around 10,802-level on the Singaporean Exchange.</div>

<div>
	<strong>Asian shares subdued amid lull in trade spat</strong></div>
<div>
	&nbsp;</div>
<div>
	Asian shares were subdued on Thursday as a lull in the Sino-US trade tussle helped calm nerves enough for the Nasdaq to reach a record high, while tensions in the oil market grew ahead of an OPEC meeting that may expand crude supply.</div>
<div>
	&nbsp;</div>
<div>
	MSCI&#39;s broadest index of Asia-Pacific shares outside Japan was 0.05 per cent firmer, while Japan&#39;s Nikkei edged up 0.12 per cent in thin trade.</div>

<div>
	<strong>US markets end mixed, Nasdaq closes at record high</strong></div>
<div>
	&nbsp;</div>
<div>
	US markets ended the day yesterday mixed with the Nasdaq Composite closing at a record high and the Dow trapped in its longest losing streak since March 2017 as US trade concerns lingered.</div>
<div>
	&nbsp;</div>
<div>
	The Dow Jones Industrial Average declined 0.2 per cent to 24,657.80, its seventh consecutive decline while the Nasdaq jumped 0.7 per cent to close at a record high of 7,781.52.</div>

Good Morning!<br />
<br />
Welcome to markets live blog. Catch all live market action here