Sensex down by 270.07 pts during week
Mumbai, May 31 (UNI) The equity market remained negative for another week, as BSE Sensex slid 270.07 pts or 0.33 per cent to settle at 81,451.01 during the week ended on Friday, driven by profit booking, global uncertainties, and cautious investor sentiment ahead of key economic data.
The Nifty slipped 102.45 points or 0.41 perc ent to settle at 24,750.70
Of five sessions of the week, two were in green while three were in red.
For two sessions of the week, the market was in the green, boosted by the Reserve Bank of India's record Rs 2.68 lakh crore dividend payout, easing fiscal concerns and lifting investor confidence.
However, remaining three sessions saw declines, as rising US treasury yields, global trade tensions, and elevated valuations triggered profit booking and risk aversion.
Despite the weakness in frontline indices, the broader market out performed, with the BSE Mid-Cap gained 0.61 per cent to close at 45,136.35. BSE Small-Cap index rallied 1.73 per cent to end at 52,413.25.
On Monday, Sensex rose 455.37 points or 0.56 per cent to 82,176.45. Nifty also advanced 148 points or 0.60 per cent to 25,001.15.
On Tuesday, Sensex tanked 624.82 points or 0.76 per cent to 81,551.63. Nifty slipped 174.95 points or 0.70 per cent to 24,826.20.
On Wednesday BSE Sensex slipped 239.31 points or 0.29 per cent to 81,312.32. Nifty too fell 73.75 points or 0.30 per cent to 24,752.45.
On Thursday, halting a two-day losing run. BSE Sensex advanced by 320.70 points or 0.39 per cent to 81,633.02. Nifty rose 81.15 points or 0.33 per cent to 24,833.60.
On Friday BSE Sensex tumbled down 182.01 points or 0.22 percent to 81,451.01. Nifty shed 82.90 points or 0.33 percent to 24,750.70.
Stock that fell are Bajaj Auto by 1.47 per cent, JSW Steel by 1.46 per cent , NTPC by 2.97 per cent.
Jio Financial Services gained 1.73 per cent. The company announced that JioBlackRock Asset Management, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock, on May 27 said it has received regulatory approval from the Securities and Exchange Board of India (SEBI) to commence operations as an investment manager for their mutual fund business in India.
Indusind Bank rose 2.99 per cent and Tata Motors 0.18 percent
Insecticides (India) surged 11 per cent The company's consolidated net profit soared 85% to Rs 13.89 crore, while revenue from operations rose 32% to Rs 358.92 crore in Q4 March 2025 over Q4 March 2024.
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