Mumbai, May 29 -- The headline equity indices traded with moderate losses in the afternoon trade. The Nifty traded below the 23,900 level. Oil & gas shares extended losses for the third consecutive trading session.

At 12:30 ST, the barometer index, the S&P BSE Sensex, shed 59.63 points or 0.09% to 75,808.17. The Nifty 50 index fell 54.35 points or 0.23% to 23,853.

In the broader market, the BSE 150 MidCap Index fell 0.26% and the BSE 250 SmallCap Index jumped 0.59%.

The market breadth was positive. On the BSE, 1,970 shares rose and 2,094 shares fell. A total of 235 shares were unchanged.

In the commodities market, Brent crude for July 2026 settlement fell $1.18 or 1.27% to $91.52 a barrel.

IMD Forecast:

The forecast by the India Met...