Sensex, Nifty trade lower on negative global cues

Updated: May 29th, 2024

Source: IANS

Indian equity benchmarks opened in red today following negative global cues from Asian peers. 

Sensex was down 414 points or 0.56%, at 74,757 and Nifty was at 22,765, down 122 points or 0.53%.

Midcap and smallcap stocks are performing better compared to largecap.

The Nifty midcap 100 index is down 56 points or 0.11%, at 52,237 and the Nifty smallcap 100 index is up 38 points or 0.23%, at 16,912 points.

The overall trend in Nifty is mixed. Out of the total stocks, 1,020 are in green, while 1,095 remain in red.

Auto, Fin Service, FMCG, and IT are major losers among the sector indices. However, Metal, PSU Bank, and Realty are major gainers.

Nine out of 30 Sensex stocks are trading in the green. Bharti Airtel, Tata Steel, SBI, Kotak Mahindra and ITC are the top gainers. Whereas, M&M, Tech Mahindra, IndusInd Bank, HDFC Bank, Axis Bank and Asian Paints are the top losers.

Tokyo, Hong Kong, Bangkok, Jakarta, and Seoul are trading in the red. Only Shanghai is trading in the green. The US markets closed with a decline on May 28.

Crude oil benchmark Brent crude is at $84 per barrel and WTI crude is at $80 per barrel. 

(This story was taken from a syndicated feed, and edited only for style by Gujarat Samachar Digital staff)

Also read:

Sensex sheds 220 points amid profit booking; midcap, smallcap stocks hit

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