Market update 29th May 2020. Another positive day for Indian market led by Realty and Pharma stocks.

Overall performance:

Today, Indian indices ended on a positive note for the third consecutive day. SENSEX crossed 32,000 and NIFTY ended above 9,500. Almost all sectors gained and ended on a high note. While market closed, SENSEX was up by 223.51 points or 0.69%, closing at 32,424.10 and NIFTY was up by 90.20 points or 0.95%, closing at 9,580.30. The S&P BSE midcap index was up by 221.16 points or 1.90%, closing at 11,843.22 and S&P BSE Small cap increased by 123.26 points or 1.14%, closing at 10,892.60. NIFTY Midcap 100 closed at 13,273 up by 143.05 points or 1.09% and NIFTY Small cap 100 closed at 4,002.80, up by 34.30 points or 0.86%.

Global indices and commodities:

When Indian market closed, DAX was trading at 11,650.88 down by 130.25 points or 1.11%. NASDAQ was trading at 9,368.99 down by 43.37 points or 0.46% and CAC was trading at 4,738.30, down by 0.69% or 33.09 points. While, SGX Nifty was up by 36.00 points or 0.38% and trading at 9,496. Currently, Gold is trading at 46,550 up by 145 points and 0.31%, Silver is trading at 48,802 increased by 240 points and 0.49% and Crude oil is trading at 2,479 which is down by 103 points or 3.95%.

Currency:

At the time of closing of Indian indices, almost all the currencies were trading at a lower note. USD was trading at Rs 75.62, down by 0.17% or 0.13 points and GBP was trading at Rs 92.87, down by 0.34% or 0.32 points. While, EURO was trading at Rs 84.06, up by 0.32% or 0.26 points.

Sector Wise:

Today, almost all other sectors ended on higher note, expect for the IT sector. The S&P BSE Auto index increased by 229.95 points or by 1.66%, closing at 14,094.69 and S&P BSE Energy increased by 38.71 points or 0.84% and closed at 4,620.96. While BSE IT fell by 0.97% or 137.55 points and closed at 14,067.30. At closing, NIFTY BANK was up by 127.45 points or 0.66%, closing at 19,297.25 and NIFTY Pharma gained 304.10 points or 3.21%, closing at 9,768.60. NIFTY IT declined by 18.10 points or 0.13% and closed at 14,010.50.

Top 5 gainers:

Share price of IOC increased by 5.50 points or 7.08%, closing at Rs 83.20, Wipro which was declining for last few days, gained 13.45 points or 6.75% and closed at Rs 212.80. Coal India shares increased by 7.40 points or 5.53%, closing at Rs 141.30. ONGC increased by 4.35 points or 5.52%, closing at Rs 83.20 and BPCL shares was up by 16.35 points or 5.01% and closed at Rs 342.80.

Top 5 losers:

Today, Adani Ports declined by 8.00 points or 2.41%, closing at Rs 323.80. Shares of Infosys declined by 2.32% or 16.40 points, closing at Rs 691.00. Bharti Airtel decreased by 10.15 points or by 1.80%, closing at Rs 552.60. Share price of TCS fell by 31.95 points or 1.59%, closing at Rs 1972.35, Axis Bank declined by 6.00 points or 1.53%, closing at Rs 384.95. Titan company shares which are declining since last few days, today fell by 9.45 points or 1.05% and closed at Rs 890.

Stock in news:

Today, shares of all the sectors except for IT ended on higher note. IOC was in news as share price of the company increased by 7.08 percent and closed at Rs 83.20. Wipro shares were in news as they gained more than 6 percent and closed at Rs 212.80. Infosys was in news because their shares declined by 16.40 points and was one of the top losers, closing at Rs 691.35. Other than these stocks, most active stocks were Vodafone idea, Tata Power, BHEL, Tata Motor, Federal Bank, SBI, ITC, Bank of Baroda, ICICI Bank and Ashok Leyland in terms of volume.

Market Update 28th May 2020. Market record gains for second consecutive day.