Sensex Nifty Live Updates May 30: Markets End Lower; Nifty Down 0.33%, Sensex Falls 0.22%

Indian markets ended lower on May 30, tracking weak global cues and profit booking in auto and technology stocks. The Nifty 50 slipped 0.33% to close at 24,750, while the Sensex declined 0.22% to settle at 81,451. Asian markets closed in the red, European indices traded higher in mid-session, and U.S. futures indicated a potential muted start, reflecting cautious investor sentiment.

Stock Market Highlights, May 30:

• Eternal Leads Gains Despite Overall Weakness: Indian equities ended in the red with the Nifty 50 slipping 0.33% and the Sensex down 0.22%. However, Eternal stood out with a 4.35% surge, followed by moderate gains in SBI and HDFC Bank. On the downside, Bajaj Auto led the laggards, falling 3.01%.
• Broad Global Pressure Weighs on Sentiment: Asian markets mirrored the cautious mood, with Japan's Nikkei and Hong Kong's Hang Seng both down over 1%. The Shanghai Composite also ended lower. U.S. pre-market futures hinted at a potential subdued open, extending the risk-off tone.
• Europe Offers Some Respite: In contrast, European indices traded higher mid-session. Germany's DAX rose 1.01%, while the broader STOXX 50 was up 0.56%, offering a positive signal amid global market unease.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

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U.S. Markets Live Today

*As of 15:31 IST

Stock in News Today:

Here are the top stocks to watch today following their latest earnings and key business updates.

Suzlon Energy

Suzlon Energy reported a strong quarterly performance with net profit soaring to ₹1,181 crore, a remarkable 365% increase compared to ₹254 crore in the same quarter last year. Revenue from operations also rose significantly by 73% year-on-year to ₹3,774 crore.

Mazagon Dock Shipbuilders

Mazagon Dock Shipbuilders' profit for the quarter fell sharply by 50.9% to ₹325.3 crore from ₹663 crore in the previous year’s quarter. However, revenue showed a modest growth of 2.3%, reaching ₹3,174.4 crore. The board has recommended a final dividend of ₹2.71 per share.

ICRA

Credit rating agency ICRA recorded a 19.1% increase in net profit for the quarter ended March 31, rising to ₹56 crore from ₹47.1 crore in the corresponding period last fiscal.

Ola Electric

Ola Electric’s net loss widened significantly to ₹870 crore from ₹416 crore in the previous year. Revenue declined sharply by 61.8% to ₹611 crore from ₹1,598 crore, reflecting challenges in business operations.

NLC India

NLC India’s subsidiary, NLC India Renewables, has signed a joint venture agreement with Mahatma Phule Renewable Energy & Infrastructure Technology Ltd. (MAHAPREIT) to jointly develop 2,000 MW of renewable energy projects in Maharashtra, aiming to boost the state’s renewable energy capacity.

Stock Market Outlook for May 30:

• Flat Start with Cautious Sentiment: Nifty opened slightly lower at 24,812 (-0.08%). Low PCR (0.69) on Nifty suggests a potential bearish sentiment, while Max Pain at 24,800 may offer near-term support.
• Global Cues Mixed: U.S. markets ended higher (Dow +0.28%, Nasdaq +0.39%), but Asian markets are weak, with Nikkei and Hang Seng down over 1%.
• Strong Institutional Buying: FIIs bought ₹884 crore and DIIs added ₹4,286.5 crore, potentially reflecting continued domestic and foreign interest despite global uncertainty.
   

Indian Stock Market Recap: May 29

Indian equities closed higher on May 29, buoyed by positive global cues and sectoral support from banking and pharma stocks. The Nifty 50 advanced 0.33% to end at 24,833, while the Sensex climbed 0.39% to finish at 81,633. Strong gains across Asian markets, a positive tone in European indices, and upbeat U.S. futures contributed to improved investor sentiment throughout the session.

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FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell : 884
Domestic Institutional Investors (DIIs) Net Buy/Sell : 4286.5

*As of 09:24 IST

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.