The Nifty Bank index closed 0.31 per cent down at 43724.85.

Six stocks have displayed the Bullish Strong Line pattern, indicating a bullish reversal pattern within a downtrend. Shriram Finance, Tejas Networks, Affle (India), UCO Bank, Piramal Enterprises, and KPR Mill have all shown potential for a reversal despite negative 1-day returns. Investors should consider the company's fundamentals and conduct thorough research before making investment decisions. However, the Bullish Strong Line pattern cannot guarantee a reversal, and investors should consider their risk tolerance.

Despite a successful initial public offering (IPO), the shares of Spectrum Talent Management had a dull listing on NSE Emerge platform, listing at a 12% discount compared to the issue price. The company's IPO worth INR 105 crore was subscribed 8.09 times, mainly driven by the good response from retail investors. Urban Enviro Waste Management, on the other hand, had a premium listing on NSE with its shares being listed at 41% above the issue price of INR 100. The company engaged in solid waste management saw its IPO subscribed 255 times.

"Gold prices weakened on Thursday, with spot gold in the Delhi markets trading at Rs 59,550/10 gram, down by Rs 200 per 10 gram, against its previous close," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

The Nifty Pharma index closed 0.61 per cent down at 13166.85.

The Nifty Realty index closed 0.8 per cent down at 510.05.

BoE has increased interest rates higher than the predicted 0.25% increase, following the increase in British inflation and wages since its last meeting in May. The move, which is its biggest rate increase since February and takes the rate to its highest since 2008, was decided by a 7-2 vote by the Monetary Policy Committee

ETMarkets has listed seven stocks with a market capitalization over Rs 10,000 crore that have recently experienced a Bullish MACD Crossover indicating a potential upward trend. A Bullish MACD Crossover is a signal when the MACD line crosses above the signal line which helps identify potential changes in a stock's trend, from bearish to bullish momentum and is often considered a buying opportunity by technical analysts. The list includes companies from various sectors such as natural gas distribution, textile, banking, agri-inputs, iron ore mining, and steel.