The Impressive TimesNew Delhi : Indian equity benchmarks opened on a cautious note on Friday, May 30, 2025, amid mixed global cues and a continuation of the ongoing consolidation phase in domestic markets. The BSE Sensex fell 167.33 points at the opening bell to trade at 81,465.69, while the NSE Nifty shed 15 points to start at 25,421.30, indicating a weak start for the frontline indices.
The subdued mood follows a volatile session on Thursday, where markets swung between gains and losses before ending on a positive note. The Sensex closed 320 points higher, and the Nifty added 81 points in the previous session, fueled by late buying in select heavyweight stocks. However, the lack of consistent positive triggers and global headwinds have capped further gains, leading to a soft start today.
Despite the weakness in the benchmark indices, broader markets showed signs of strength. The BSE Smallcap index jumped over 150 points, while the BSE Midcap index gained more than 100 points during early trade. This outperformance indicates sustained investor interest in the broader market, particularly in segments where valuations remain attractive and growth potential is perceived to be stronger.
From the Sensex constituents, Adani Ports was the top gainer, rising by 0.70%. Other notable gainers included Maruti, HDFC Bank, Tata Steel, and Eternal, which posted modest gains in early trading amid selective buying in auto, banking, and metal sectors.
On the downside, IT and telecom stocks were the key laggards. Infosys declined by 1.29%, while Tech Mahindra, HCL Tech, Bharti Airtel, and Bajaj Finance also traded in the red. The weakness mirrored overnight declines in U.S. technology stocks and continued concerns over global tech demand.
Market breadth was relatively balanced, with 1,201 stocks trading in the green, 1,238 in the red, and 68 remaining unchanged on the NSE.
Investors are expected to closely watch macroeconomic data, global trends, and institutional flows for further cues as the session progresses.
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