New Delhi, May 30.(HS): The domestic stock market experienced a downturn on Friday, influenced by weak global signals. Initial trading began sluggishly, but a temporary uptick in the Sensex and Nifty indices occurred due to buying support. However, selling pressure soon dominated, leading both indices to close down, with the Sensex declining by 0.22 percent and the Nifty by 0.33 percent. Notably, the PSU Bank and Capital Goods sectors saw continuous buying, whereas the Metal, Public Sector Enterprise, and IT sectors faced significant selling. Additional declines were noted in sectors such as Automobiles, Oil and Gas, FMCG, Consumer Durables, Pharmaceuticals, and Tech.
The broader market displayed mixed performance, resulting in a 0.39 percent decrease in the BSE Midcap index, while the Smallcap index rose by 0.17 percent. The overall weakness in the market caused a loss exceeding ₹1.5 lakh crore in investors' assets, with the BSE market capitalization dropping from ₹445.47 lakh crore to ₹443.88 lakh crore, reflecting a loss of about ₹1.59 lakh crore. Throughout the day, 4,119 shares were traded on the BSE; 1,827 ended positively, while 2,161 experienced declines. Meanwhile, on the NSE, of the 2,576 traded shares, 1,130 gained, but 1,446 faced losses. Among the Sensex's 30 shares, 6 closed in the green and 24 in the red, while of the 50 shares on the Nifty, only 7 concluded positively.
The BSE Sensex opened at 81,465.69 points, initially down 167.33 points. After a brief moment of recovery, it fell to 81,286.45 points due to sustained selling pressure. Ultimately, some buying led the index to close at 81,451.01 points, down 182.01 points. Similarly, the NSE Nifty began trading at 24,812.60 points, dropping to 24,780 points but briefly climbing to 24,863.95 points before again succumbing to selling. It closed at 24,750.70 points, down 82.90 points.
Top gainers included Eternal, State Bank of India, HDFC Bank, Larsen & Toubro, and Bajaj Finserv. In contrast, top losers encompassed Bajaj Auto, Hindalco Industries, Shriram Finance, HCL Technology, and Tech Mahindra.
Hindusthan Samachar / Jun Sarkar
