Synopsis : Indian markets traded in the red on May 28, with Sensex slipping 230 points and Nifty dipping below 24,800 amid weak sentiment in FMCG and auto stocks. LIC rallied 8% while midcap and smallcap indices continued to outperform the benchmarks.
LIC Leads the Way as Blue Chips Falter: Market Slips Amid Weak Sentiment
On Wednesday, May 28, 2025, Indian stock markets opened subdued and continued to trend lower throughout the session due to the absence of strong market-moving cues. The BSE Sensex dropped 230 points to 81,322, while the Nifty50 declined 60 points to settle at 24,765.
Despite the weakness in frontline indices, broader markets outperformed, with Nifty MidCap rising 0.22% and Nifty SmallCap advancing 0.32%, reflecting investor interest in smaller growth stocks.
Dragging the Market Down
Several heavyweight stocks were under pressure:
ITC, Nestle, M&M, IndusInd Bank, Asian Paints, and Titan were among the top laggards on the BSE Sensex.
Meanwhile, Adani Ports, Bharti Airtel, and Axis Bank offered some support by staying in the green.
Sector Performance:
Nifty FMCG index plunged over 1%, dragging the overall sentiment down.
PSU Banks outperformed with Nifty PSU Bank up 0.45%.
Nifty IT index posted mild gains, inching up 0.14%.
LIC Surges 8%
One of the highlights of the trading session was LIC, which rallied over 8%, boosting investor morale in an otherwise muted market.
IPO Watch
Belrise Industries made its stock market debut today at ₹100, an 11.11% premium over its IPO price of ₹90.
Schloss Bangalore (Leela Hotels IPO) closes today, having received muted investor interest during the subscription window.
Q4 Earnings Today
Investors are closely monitoring quarterly results from top companies including:
Cummins India
IRCTC
SAIL
3M India
Deepak Nitrite
JSW Holdings
Birlasoft
Bata India
Finolex Cables
Granules India
These results will provide fresh direction for both institutional and retail investors in the coming sessions.
Disclaimer : This article is for informational purposes only and does not constitute financial advice. Readers are advised to consult with a certified financial advisor before making any investment decisions.
