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"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.

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

Yes, again, go back to what we said earlier when we continue to have that view that over the next two years we think that the small cap and midcap would do much better than the large cap and the reasons are two. One is that earnings will be better for the small cap and the midcap relative to the large cap.

Among the Sensex stocks, Bajaj Finance and Asian Paints were the top laggards, falling nearly 2%. Tata Motors, Power Grid, NTPC, Infosys, Nestle, UltraTech Cement, and Indus Ind Bank also closed in the red.

​And probably the key stocks are the ones that also saw quite some bit of run up in recent times to name a few. If one would look at an industry level, the key stocks that were exited would include Kotak Bank, ITC, HCL, Zomato.

One can definitely look inward and think that, okay, what all things I can do other than doing my mundane job or the things which I am doing currently and thereafter, people will start getting the answers to their question.

Debt mutual fund schemes have outperformed equity mutual funds in recent months, benefiting from inflows totalling INR 1.5 lakh crore ($22bn) during April and May, compared to just over INR 7,200 crores across all equity mutual fund categories. Adil Shetty, the CEO of BankBazaar.com, suggested that equity underperformance strayed from a variety of reasons: investor liquidity needs, profit-taking as markets edge towards new highs, and higher bond yields making debt funds more attractive. Nonetheless, experts have cautioned against an investment exclusively in debt funds and urge rebalancing portfolios to reduce risk and boost wealth.

The Nifty IT index closed 0.74 per cent down at 28811.15.

The stock traded at a P/E multiple of 54.5, while the price-to-book value ratio stood at 5.77.

Chip industry heavyweights Advantest and Tokyo Electron sank 6.86% and 4.57%, respectively, following a decline by U.S. peers and paring a recent surge driven by euphoria over artificial intelligence.