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Date: 28-may-2025 | By: Nuztrend Team
The Indian stock market saw a notable dip on May 28, 2025, with the benchmark Sensex declining by 239 points, while the Nifty index closed just below the 24,750 mark. Investor sentiment turned cautious amid mixed global cues and sector-specific pressures, particularly in consumer goods and banking stocks.
Among the worst performers, ITC, IndusInd Bank, Ultratech Cement, and Nestle India experienced significant declines, weighing heavily on the broader indices. These companies, representing key sectors like FMCG, banking, construction materials, and consumer staples, saw profit booking after recent gains.
Global markets showed mixed signals today, influenced by macroeconomic data and geopolitical developments. This, coupled with domestic factors such as fluctuating crude oil prices and inflation trends, contributed to the subdued trading activity. Analysts suggest that investors remain wary ahead of key policy announcements expected later this week.
While ITC, IndusInd Bank, Ultratech Cement, and Nestle India posted losses, certain sectors like IT and pharmaceuticals managed to hold steady, providing some support to the indices. The technology sector saw modest gains driven by positive earnings reports from select companies.
Overall, the market closed lower with Sensex losing 239 points and Nifty ending near 24,750, reflecting a cautious mood among investors. The performance of heavyweight stocks like ITC and IndusInd Bank remains critical in shaping the near-term market trend. Traders are advised to stay updated on global developments and domestic policy decisions impacting market sentiment.
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