Nifty last close: 22488.65 (-0.95%)
Bears tightened their control on the Dalal Street on May 30
As the benchmark indices extended the selling for fifth straight session
Sensex was down 617.30 points or 0.83 percent at 73,885.60
Nifty was down 216 points or 0.95 percent at 22,488.70
In the May series, the Nifty50 index ended 0.4 percent lower
Biggest Nifty losers included Tata Steel, Tech Mahindra, Power Grid Corporation, Wipro and Titan
while gainers were ICICI Bank, Axis Bank, HDFC Bank, SBI and Kotak Mahindra Bank
Among sectors, the Bank index gained 0.5 percent
While Auto, FMCG, Metal, IT, Healthcare indices shed 1-2 percent
Midcap and smallcap indices shed 1.2 percent each
Goldman sees India’s stocks, bonds and rupee as top emerging market picks
The FIIs extended their selling for the second day as they sold Indian equities worth Rs 3050.15 crore on May 304
While DIIs provided support as they bought equities worth Rs 3,432.92 crore on the same day
US stocks ended lower on Thursday
Nasdaq falling more than 1%, Dow down 0.85% and S&P500 fell 0.6%
U.S. Q1 GDP RISES 1.3%, EST. 1.6%; PREV. 3.4% *LOWEST SINCE Q2 2022
NVIDIA down 3% first negative after the strong earnings report last week
Dell Tech tumbles 16% despite Q1 earnings beat
US 10-year yield back below 4.6%
Crude below $82/bbl
Gold prices inch higher above $2345/oz
Asian markets were set to higher opening
Hangseng up 1% and Nikkei up 0.2%
GiftNifty indicates a positive note for the index
Nifty is facing a intraday resistance 22520 and 22550
If stays above 22550 will try to move 22630
On other side Nifty considering a supports 22430 and 22400
Below 22400 finding a next support around 22330
Updated: 08.58 am / 31st May 2024
