Indian markets close the day in red

29 May 2024 , 04:15 PM

On May 29, the Indian equity market traded in red, with the Nifty closing at 22,700 points. The Sensex closed down by 667 points or 0.89% at 74,502.90, while Nifty declined by 183.50 points or 0.80% to close at 22,704.70.

This is mainly because selling pressure was observed in sectors such as oil & gas, IT, realty, and banking.

The market started negatively influenced by mixed global cues and continued to decline throughout the day, with both the Sensex and Nifty dropping below 74,500 and 22,700, respectively.

Major losers in the Nifty included HDFC Life, SBI Life Insurance, ICICI Bank, Tata Consumer Products, and Tech Mahindra, while Hindalco, Power Grid Corp, Divis Labs, Nestle, and Sun Pharma were among the gainers.

Sector-wise, there was a mixed trend with capital goods, telecom, healthcare, metal, and power sectors ending in the green, while auto, bank, FMCG, IT, oil & gas, and realty sectors saw declines ranging from 0.3% to 1%.

The BSE midcap index decreased by 0.4%, while the smallcap index increased by 0.2%.

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