Unicaus NEWS
Market Closing Bell: The 50-issue NSE Nifty dropped 73.35 factors or 0.30 per cent to 24,752.45. It had closed at 24,826.20 within the final buying and selling session.
Market Closing Bell: Stock markets decline for the second straight day at the moment, i.e. on May 28, 2025. remained rangebound with a unfavourable bias, primarily because of the lack of assist from FIIs and prevailing premium valuations. Equity benchmark indices, Sensex and Nifty, witnessed lacklustre exercise and remained rangebound with a unfavourable bias, primarily because of the lack of assist from overseas institutional traders (FIIs) and prevailing premium valuations. The 30-share BSE barometer fell 239.32 factors or 0.29 per cent to settle at 81,312.32 towards the earlier shut of 81,551.63. During the day, it touched a excessive of 81,613.36 and a low of 81,244.02.
The 50-issue NSE Nifty dropped 73.35 factors or 0.30 per cent to 24,752.45. It had closed at 24,826.20 within the final buying and selling session. During the day, it hit a excessive of 25,864.25 and a low of Rs 24,737.05. Among sectors, all main sectoral indices, together with Nifty Auto, Nifty IT and Nifty FMCG, ended within the crimson, with the Nifty FMCG shedding probably the most, 1.49 per cent, on the finish of the session.
The broader markets ended blended, with the Midcap 100 index falling 0.02 per cent to 57,254.45 and the Nifty Smallcap 100 index including 0.33 per cent to 17,784points on the finish of the session.
“The Nifty spent another day in consolidation, with the index remaining largely range-bound ahead of the monthly expiry. On the hourly chart, the index has slipped below the critical 21-EMA and 50-EMA, indicating a weakening trend in the near term. Immediate support is seen at 24,700; a sustained move below this level could trigger further selling pressure. Significant put writing at 24,700 reinforces the technical setup. On the higher end, notable call writing is observed at 24,800. A decisive move above 24,800 could force call writers to cover their positions at the 24,800 CE, potentially triggering a sharp rally in the market,” stated Rupak De, Senior Technical Analyst at LKP Securities.
From the Sensex 30 pack, ITC, IndusInd, Nestle India, ExtremelyTech Cement and Mahindra & Mahindra had been among the many laggards with ITC falling probably the most – over 3 per cent.
Bajaj Finance, Bharti Airtel, ICICI Bank, Adani Ports and HCL Tech had been among the many gainers.
