Nifty last close: 24752.45 (-0.3%)
Indian benchmark indices ended lower for the second consecutive session on May 28
As upbeat global cues were overshadowed by fund outflows triggered by large block deals and heightened activity in the primary market
Sensex was down 239.31 points or 0.29 percent at 81,312.32
Nifty was down 73.75 points or 0.30 percent at 24,752.45
Nifty FMCG was the top loser, slipping 1.5 percent, followed by Nifty Auto, which declined 0.7 percent
Nifty Metal and Nifty Pharma each shed 0.6 percent
Nifty Consumer Durables edged down 0.5 percent. On the positive side
Nifty PSU Bank and Nifty Media were the top gainers, rising 1 percent each
The volatility index, India VIX, cooled off by 2.79% to 18.02
India’s industrial production dips to an 8-month low of 2.7% in April
Results Today
Bajaj Auto, Ipca Laboratories, Alkem Laboratories, Amara Raja Energy & Mobility, Bajaj Hindusthan Sugar, Campus Activewear, Engineers India, Gujarat Pipavav Port, ICRA, KNR Constructions, Lemon Tree Hotels, Lumax Auto Technologies, Samvardhana Motherson International, NBCC (India), Prestige Estates Projects, SJVN, Sobha, and Suzlon Energy will announce their quarterly earnings on May 29
FII net bought ?4663 Cr and DII net bought ?7912 Cr on May 28
US Markets on Wednesday
DowJones -0.58%
Nasdaq -0.51%
S&P500 -0.56%
Stock market futures are surging after the Court of International Trade blocks President Trump’s “Liberation Day” tariffs
U.S. Court of International Trade ruled that Trump overstepped his authority when he imposed his “reciprocal” tariffs
Fed released minutes from its May meeting
Flagged rising inflation and recession risks
10-year Treasury yield at 4.5%
Dollar Index spikes to at 100.2
Brent Crude at 65.7$/barrel
Bitcoin at 100810$
Gold at 3,300$/ounce
Asian markets were set to higher opening
Nikkei up 1.7% and Hang seng up 0.5%
GiftNifty indicates a gap up opening for the index
Nifty is facing a intraday resistance 24800 and 24860
If stays above 24860 will try to move 24930 and 25000
On other side, Nifty considering a supports 24710 and 24660
Below 24660 finding a next support around 24600
Updated: 08.46 am / 29th May 2025
