The Indian stock market closed marginally lower on Friday, May 30, 2025, amid mixed global cues and the start of the June futures and options (F&O) series. The Sensex ended 182 points, or 0.22%, lower at 81,451.01, while the Nifty 50 settled at 24,750.70, down 83 points or 0.33%. Despite the daily decline, the Nifty 50 marked its third consecutive month of gains, rising nearly 2% in May. Here are 10 key highlights from today’s market action:
1. Sensex and Nifty 50 Extend Weekly Losses
The Sensex and Nifty 50 closed lower for the second consecutive week, reflecting cautious investor sentiment. The Sensex dropped 0.22%, while the Nifty 50 fell 0.33%, driven by mixed global signals and profit booking at higher levels.
2. Mixed Global Cues Influence Market
Global markets showed mixed trends, with Asian indices like Japan’s Nikkei gaining modestly, while European markets traded flat. Investors remained cautious due to uncertainties around global economic growth and interest rate expectations.
3. Nifty’s Monthly Gains Continue
Despite the daily decline, the Nifty 50 extended its monthly gains for the third straight month, rising nearly 2% in May 2025. This reflects sustained investor confidence in India’s long-term growth story.
4. Sectoral Performance: IT and Pharma Drag
Sectoral indices like Nifty IT and Nifty Pharma witnessed selling pressure, contributing to the market’s decline. Profit booking in heavyweight IT stocks like Infosys and TCS weighed heavily on the indices.
5. Banking Stocks Show Resilience
Nifty Bank and Nifty Financial Services indices outperformed, with select banking stocks like HDFC Bank and ICICI Bank showing resilience. This limited the overall downside for the broader market.
6. Midcap and Smallcap Indices Outperform
The Nifty Midcap 100 and Nifty Smallcap 100 indices outperformed their large-cap counterparts, gaining 0.5% and 0.7%, respectively. Strong domestic buying supported these segments.
7. F&O Expiry Adds Volatility
The start of the June F&O series introduced volatility, as traders rolled over positions. High trading volumes were observed in key stocks, contributing to intraday fluctuations.
8. Rupee Strengthens Marginally
The Indian rupee appreciated slightly against the US dollar, closing at 83.45, supported by positive domestic macroeconomic data and foreign fund inflows.
9. Foreign Institutional Investors (FIIs) Turn Buyers
FIIs turned net buyers, injecting ₹1,200 crore into Indian equities, while Domestic Institutional Investors (DIIs) added ₹800 crore. This supported market stability despite the decline.
10. Technical Outlook: Support and Resistance Levels
Analysts noted that the Nifty 50 faces immediate support at 24,600, with resistance at 24,900. A break below 24,600 could trigger further selling, while a move above 24,900 may signal a bullish trend.
Conclusion
The Indian stock market’s marginal decline today reflects cautious sentiment amid mixed global cues and F&O expiry volatility. However, the Nifty’s third consecutive monthly gain underscores underlying strength. Investors are advised to monitor global developments, upcoming economic data, and key technical levels for future market direction.
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