The 30-Sare BSE Sensex recorded a decline of 182.01 points or 0.22%, settling at 81,451.01 as its 24 components retreated and six upgraded. During the day, it fell at 346.57 points or 0.42%, 81,286.45. File | Photo Credit: AP
The stock markets shut down in a range-bound trade on Friday (May 30, 2025), after the loss in IT shares and due to trading uncertainty due to dull trends in Asian markets, an American appeal court temporarily restored mutual tariffs.
The 30-Sare BSE Sensex recorded a decline of 182.01 points or 0.22%, settling at 81,451.01 as its 24 components retreated and six upgraded. During the day, it fell at 346.57 points or 0.42%, 81,286.45.
NSE Nifty took a dip at 82.90 points or 0.33%, 24,750.70.
Metals, IT and auto sector shares declined while banking shares received. Analysts said that investors were cautious before the release of domestic GDP data post-market hours.
Between the sensex firms, Tech Mahindra fell the most by 1.73%. HCL Tech, Asian Paints, NTPC, Infosys, Nestle, Sun Pharma and Tata Steel also shut down.
Eternal, State Bank of India, HDFC Bank, Larsen & Toubro, Reliance Industries and Bajaj Finswa were beneficial.
“A range-bound movement continued in the market, the appeal affected investors to stay on the sideline with temporary restoration of the US tariff. The global market could struggle with comprehensive economic concerns as the global trade landscape is not yet to see stability, which can navigate short-term consolidation.
Vinod Nair, head of the research of Geojit Investments Limited, said, “In the meantime, the arrival of FII continued due to the volatility in the US 10 years and today the expectation of solid domestic Q4 GDP data and the expectation of the RBI.”
Mehta Ecuviums Limited, Senior VP (Research), Pransant Tapes, Provincial Taps, Prashant Taps, Prashant Taps said, “The market declined the negative sector to decrease among weak Asian signals as investors cut their positions in IT, metal, oil and gas and auto shares.”
The BSE Midcap gauge declined by 0.39% while the Smallcap index rose 0.17%.
Between the regional indices, the metal declined by 1.68%, followed by BSE (1.14%), items (1.14%), utilities (1.09%), tech (0.99%), auto (0.91%) and telecommunications (0.79%).
Financial services, Banckes and Capital Goods were beneficial.
On the weekly front, the BSE benchmark fell by 270.07 points or 0.33% and the Nifty took 102.45 points or 0.41%.
Among the Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite Index and Hong Kong’s Hong Seng settled in the negative area.
Markets were doing more business in Europe. The American markets ended more on Thursday (May 29, 2025).
According to exchange data, foreign institutional investors (FII) bought equity worth Rs 884.03 crore on Thursday (May 29, 2025), while domestic institutional investors (DII) bought equity worth Rs 4,286.50 crore.
Global Oil Benchmark Brent crude climbed 0.44% to $ 64.43 per barrel.
BSE Sensex climbed 320.70 points or 0.39%to settle on Thursday (May 29, 2025) at 81,633.02. The 50-cheer Nifty increased from 81.15 points or from 0.33% to 24,833.60.
Published – May 30, 2025 04:47 pm IST
