Stock market today: The Indian share market to Thursday (May 23) was subdued after the Federal Reserve's latest policy minutes reflected disappointment in recent inflation data, dampening hopes of an early rate cut.

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Last seen, both indices were down 0.03 per cent, Sensex slipped 11.71 points at 74,209.35 and Nifty was down 3.05 points at 22,594.75. 

"Nifty faces modest bearish pressure due to hawkish signals from the Fed's May FOMC meeting minutes, where policymakers expressed concerns about inflation and indicated potential further tightening of monetary policy. This has diminished hopes for a September rate cut, contributing to market anxiety amid record FPI outflows and a spike in India VIX above 21, signaling heightened volatility," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

In the broader market, Nifty Midcap 100 and Smallcap 100 traded in the green. High-beta Nifty Bank was up 0.36 per cent at 47,954.05.

BUZZING STOCKS

Gland Pharma shares were up over 6 per cent after the company's posted strong Q4 results.

Jubilant Foodworks shares were up over 2 per cent after the company reported in line with estimated Q4 results.

Garden Reach Shipbuilders & Engineers shares were up over 17 per cent after the company reported strong Q4 results.

Conversely, Power Grid shares were down over 4 per cent after the company posted weak Q4 results. 

HEG shares were down over 6 per cent after the company reported weak Q4 results. 

Dhanlaxmi Bank shares were locked in a 5 per cent lower circuit after the company reported very weak Q4 results. 

Power Grid shares slipped over 3 per cent after Q4 results. 

Sun Pharma shares declined over 3 per cent after Q4 results. 

Catch all the updates of the May 23 session on Dalal Street here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.

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