Nifty last close: 22704.70 (-0.80%)
The Indian equity market continued their losing streak for the fourth consecutive session on May 29
Sensex was down 667.55 points or 0.89 percent at 74,502.90
Nifty was down 183.50 points or 0.80 percent at 22,704.70
Biggest Nifty losers included HDFC Life, SBI Life Insurance, ICICI Bank, Tata Consumer
while gainers were Hindalco, Power Grid Corp, Divis Labs, Nestle and Sun Pharma
A mixed trend was seen on the sectoral front
Capital goods, telecom, healthcare, metal, power ending in the green
While auto, bank, FMCG, IT, oil & gas, and realty were down 0.3-1 percent
Midcap index was down 0.4 percent while the smallcap index was up 0.2 percent
The rating agency S&P upgrades India’s outlook to POSITIVE from STABLE, rating is affirmed
Foreign institutional investors sold Indian equities worth Rs 5,841.84 crore
while domestic institutional investors bought equities worth Rs 5,233.79 crore
US markets ended sharply lower on May 29
Dow fell 1.06%, Nasdaq slipped to 0.59% and S&P500 down 0.75%
US VIX surged to around 14.50
Revised reading of Q1 GDP data due to Thursday
US 10-year yield rises above 4.6%
Dollar index soared to a two-week high around 105.15
Gold and silver prices were trading marginally higher in the early trade
Gold sustains around $2335/oz
Brent crude sustained around $83.50/bbl
Asian markets were set to lower opening
Nikkei down nearly 2% and Kospi down 1%
GiftNifty indicates a negative opening for the index
Nifty is facing a intraday resistance 22740 and 22780
If stays above 22780 will try to move 22830
On other side, Nifty considering a supports 22675 and 22650
Below 22650 finding a next support around 22600
Updated: 08.50 am / 30th May 2024
