Benchmark indices were trading with some negative bias in the late morning trade. The Nifty was trading below the 15,750 marks with Nifty IT shares were under pressure.
The S&P BSE Sensex was down 59 points or 0.11% to 52,423.90. Similarly, the Nifty 50 index lost 13.35 points or 0.08% to 15,708.
The market breadth was strong on the BSE, 1567 shares rose and 1402 shares fell. A total of 137 shares were unchanged.
The Nifty IT index shed 0.47% to 29,030.25 as selling pressure seen in Coforge (down 0.99%), Oracle (down 0.97%), MindTree (down 0.92%), Mphasis (down 0.87%), Larsen & Toubro Infotech (down 0.86%), Wipro (down 0.80%), Tech Mahindra (down 0.79%), Infosys (down 0.70%) and HCL Tech (down 0.66%) declined. However, marginal gain seen in IT major TCS which was advanced 0.12%.
The rupee opened at 74.38/US dollar as against Wednesday's close of 74.33/$
On the earning front, Shares of Cosmo Films rallied and hit a new high on the BSE in intra-day trade on Thursday, in an otherwise range-bound market, taking its gains to 18 per cent in the past two days.
Shares of Vodafone Idea tanked on the BSE in Thursday's intra-day trade after the company reported a weak operational performance in the March quarter
Meanwhile, the Nikkei Manufacturing Purchasing Managers' Index declined to an 11-month low of 48.1 in June from May's 50.8, moving below the 50-level separating growth from contraction.
Further, US stocks ended mixed yesterday with S&P 500 gaining for the fifth consecutive day mainly on stronger than expected private payroll data and pending home sales. ADP’s June private payroll Jobs rose to 6.92 lakh, which was sharply ahead of expectations of 6 lakh.
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