Indian equity benchmarks extended losses for a second consecutive session, closing marginally lower even as global cues turned mildly positive. The sell-off was led by pressure in FMCG counters, especially ITC, which weighed heavily on index performance.
🇮🇳 Domestic Market Recap
Nifty 50: ▼ 69.05 pts (–0.28%) at 24,757.15
Sensex: ▼ 239.31 pts (–0.29%) at 81,312.32
Bank Nifty: Slightly firm, tracking stock-specific movement Broader Markets:
Nifty Midcap 100: ▼ 0.02%
Nifty Smallcap 100: ▲ 0.33%
The selling pressure came despite green shoots in global markets, underlining domestic factors such as earnings and stock-specific developments as dominant forces today.
📈 Today’s Top Volume Gainers (NSE)
Triveni Engineering & Industries Ltd ⚙️ Volume surged 41.26x (1-week avg) and 31.18x (2-week avg) to 66,66,281 shares. Price rose 8.63% to ₹461.15.
Precision Camshafts Ltd ⚙️ Volume jumped 32.06x (1-week avg) and 28.78x (2-week avg) to 61,39,738 shares. Price surged 15.65% to ₹198.10.
Archies Ltd 🎁 Volume rose 28.23x (1-week avg) and 19.98x (2-week avg) to 5,36,987 shares. Price increased 13.98% to ₹21.93.
🧾 Key Stock Movers
ITC Ltd: Fell ~3%, dragging Nifty FMCG down by 1.49%. The stock traded ex-dividend and was impacted by news of a potential stake reduction by British American Tobacco via a large block deal.
LIC: Surged over 7% post robust Q4 earnings and cost efficiency.
Belrise Industries: Listed at ₹100 — an 11.11% premium to its issue price of ₹90, reflecting investor confidence in select new-age industrials.
📊 Sectoral Highlights
Out of 13 sectoral indices, only 5 closed in the green.
Top Gainer:
Nifty Media ▲ 1.04%, led by Network18 rallying over 5%.
Top Loser:
Nifty FMCG ▼ 1.49%, under pressure from ITC. Auto Sector: Declined by 0.68%, with Bosch being the major drag after subdued quarterly results.
📌 Nifty 50 – Key Contributors
Top Supporters:
ICICI Bank (+13.96 pts)
Bharti Airtel (+8.06 pts)
Bajaj Finance (+6.97 pts)
Top Drags:
ITC (–32.50 pts)
Mahindra & Mahindra (–10.90 pts)
Reliance Industries (–8.61 pts)
📈 Market Breadth & Internals
NSE Stocks Traded: 2,940
Advances: 1,469
Declines: 1,395
Unchanged: 76
52-Week Highs: 51 stocks
52-Week Lows: 17 stocks
Upper Circuits: 93
Lower Circuits: 47
The breadth stayed marginally positive, suggesting healthy participation despite index-level pressure.
🌐 Global Economic Calendar – Key Events to Watch
Tuesday, May 28
U.S.: FOMC Member Waller Speech, Richmond Manufacturing Index France: Q1 GDP & CPI China: Industrial Profits (YoY)
Wednesday, May 29
U.S.: Fed Beige Book, Home Sales India: Infrastructure Output
Thursday, May 30
U.S.: Q1 GDP (Second Estimate), Weekly Jobless Claims Germany: Preliminary CPI
Friday, May 31
U.S.: PCE Inflation, Personal Income & Spending India: Q4 GDP, Fiscal Deficit, FX Reserves Japan: Jobless Rate, Retail Sales
Keep an eye on inflation data, GDP estimates, and central bank commentary, all of which could shape short-term sentiment.
🧠 Technical Outlook
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