Sensex, Nifty 50 snap 2-day losing run; investors earn nearly ₹2 lakh crore— 10 key highlights from Indian stock market
Indian stock market benchmarks—the Sensex and the Nifty 50—closed in positive territory on Thursday, May 29, snapping their two-day losing run on fag-end buying in select blue-chip stocks. The Sensex closed 321 points, or 0.39 per cent, higher at 81,633.02, with HDFC Bank" data-vars-link-type="Auto" data-vars-page-type="story">HDFC Bank, Infosys, Reliance Industries, ICICI Bank" data-vars-link-type="Auto" data-vars-page-type="story">ICICI Bank, and Axis Bank as top contributors. The Nifty 50 settled at 24,833.60, up 81 points, or 0.33 per cent.
The BSE Midcap and Smallcap" data-vars-link-type="Auto" data-vars-page-type="story">Smallcap indices also ended with gains of 0.48 per cent and 0.39 per cent, respectively.
The overall market capitalisation of BSE-listed firms rose to nearly ₹ 446 lakh crore from nearly ₹ 444 lakh crore in the previous session, making investors richer by about ₹ 2 lakh crore in a day.
The Indian stock market ended higher amid positive global cues after a US federal court blocked President Donald Trump's reciprocal tariffs announced on April 2.
The market witnessed some volatility due to the expiry of May futures and options (F&O) contracts. However, investors bought shares on dips, as the medium- to long-term outlook remains positive, supported by a healthy macroeconomic environment.
(This is a developing story. Please check back for fresh updates.)
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