Stock market today: Indian equity indexes fell for the fourth consecutive day today (May 29). Selling was seen across all sectors with the BSE Sensex falling 524 points to 74,646 and the Nifty50 dropping 163 points to 22,725. Nifty Financial Services fell 0.6%, Nifty Auto down 0.8%, Nifty FMCG, IT, Healthcare, Pharmaceuticals and Oil & Gas also fell.
Top Sensex stocks dragging the index down were HDFC Bank, M&M, ICICI Bank, L&T, Reliance and Axis Bank.IRCTC fell nearly 5 per cent after reporting consolidated profit after tax (PAT) margin of 1.5 per cent. ₹Paytm’s shares traded at the upper end of 5% at Rs 2,840 crore on reports that Adani Group Chairman Gautam Adani may acquire a stake in Paytm’s parent company One97 Communications.
What will happen in Asian markets on May 29th?
MSCI’s broad index of Asia Pacific shares ex-Japan rose 0.4%, while Hong Kong’s Hang Seng index rose 0.7%. Japan’s Nikkei fell 0.3%.
What about FII/DII?
Foreign institutional investors continued their net buying of Indian stocks on May 28, buying $1,000 per share. ₹Domestic institutional investors purchased shares worth Rs 65.57 crore. ₹On May 28, it reached Rs 3,231.67 crore.
What will the crude oil price be on May 29th?
Oil prices rose as investors expected major producers to maintain their production cuts when they meet this week. Brent crude futures for July delivery rose 27 cents, or 0.3%, to $84.49 a barrel, while U.S. West Texas Intermediate futures for July delivery rose 35 cents, or 0.4%, to $80.18.
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