Stock market close highlights: Sensex dips 182pts, Nifty at 24,751; Auto, IT, metal drag; PSBs rally

Stock Market Highlights on Friday, May 30, 2025: Among the broader basket, Nifty Midcap100, and Nifty Smallcap100 ended with a loss of 0.06 per cent and 0.03 per cent, respectively

10:23 AM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The Nifty remained volatile with a slightly negative bias on the first day of the June series. On the smaller time frame, the index has formed a bearish moving average crossover. The RSI on the hourly chart indicates bearish price momentum, suggesting short-term weakness. Additionally, signs of exhaustion are visible on the daily RSI, accompanied by a strong negative divergence.

 

However, Nifty has been struggling to move beyond a certain level. Immediate support is placed at 24,700; a breach below this level could lead to a decline towards 24,500. On the higher side, 24,800 is likely to act as a crucial resistance, as call writers have built significant positions at that level.

View by Rupak De, senior technical analyst, LKP Securities.

10:10 AM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: A range-bound movement continued in the market, with the temporary reinstatement of US tariffs by the appeal court influencing investors to stay sidelined. The global market may contend with macroeconomic concerns as the global trade landscape has yet to see stability, which may navigate a short-term consolidation. Meanwhile, FII inflows continued due to the volatility in the US 10-year yield and an expectation of solid domestic Q4 GDP data later today and a rate cut by RBI.

View by Vinod Nair, head of research, Geojit Investments Limited.

 

10:10 AM

Stock Market LIVE Updates: A glance at broader market at close

Stock Market LIVE Updates: Broader market indices closed mixed with BSE Midcap down 0.39 per cent and Smallcap up 0.17 per cent. 

10:08 AM

Stock Market LIVE Updates: IT stocks drag Sensex

Stock Market LIVE Updates: Infosys, HCLTech, Infosys were among the top laggards on Sensex.

10:07 AM

Stock Market LIVE Updates: Nifty settles at 24,750.7, down 82.9 pts

Stock Market LIVE Updates: NSE Nifty50 finished at 24,750.7, down 82.9 or 0.33 per cent. 

10:05 AM

Stock Market LIVE Updates: Sensex closes at 81,451.01, down 182 pts -0.22%

Stock Market LIVE Updates: BSE Sensex closed at 81,451.01, down 182.01 points or 0.22 per cent.

9:58 AM

Stock Market LIVE Updates: Neptune Petrochemicals IPO closes today; subscription nears 3x, GMP nil

Stock Market LIVE Updates: The three-day subscription window to bid for Neptune Petrochemicals initial public offering (IPO) is set to close today, May 30, 2025. The SME public issue, which opened for bidding on Wednesday, May 28, 2025, has received a muted response from investors. According to NSE data, the issue has been subcribed only 2.77 times. READ MORE

9:50 AM

Stock Market LIVE Updates: Anil Ambani Reliance Group stock nears 52-week high; soars 48% in 3 weeks

Stock Market LIVE Updates:  Share price of Reliance Infrastructure has moved higher by 11 per cent to ₹347.65 on the BSE in Friday’s intra-day trade amid heavy volumes in otherwise a subdued market. 

 

The stock price of Anil Ambani Reliance Group Company is trading close to its 52-week high level of ₹350.90 touched on September 24, 2024. READ MORE

9:45 AM

Stock Market LIVE Updates: Schloss Bangalore (Leela Hotels IPO) to make flat debut on bourses

Stock Market LIVE Updates: "Despite muted market sentiment, Leela Hotels’ IPO received decent overall subscription, largely driven by Qualified Institutional Buyers (QIBs). However, demand from Retail and High Net-worth Individuals (HNIs) remained subdued. This lower interest is justified given investor concerns around the IPO’s valuation, the company’s significant debt burden even after recent reductions, and operational challenges such as occupancy rates lagging behind industry averages.

 

Given the decent subscription levels amid muted market sentiment, we anticipate a flat listing for Schloss Bangalore Ltd (Leela Hotels). However, we view the company as a compelling long-term play, aligned with the structural growth in India’s luxury hospitality and tourism sector. We recommend allotted investors to HOLD it for long-term perspective, as the company is well positioned to benefit from improving macro trends in travel and high-end hospitality while non-allotted investors can WAIT & WATCH for potential post-listing discount to enter at more attractive valuations."

 

Views by: Prashanth Tapse, Sr VP Research – Research Analyst at Mehta Equities

9:38 AM

Stock Market LIVE Updates: Prakash Pipes announces to pay a dividend of Rs 2.40 per share

Stock Market LIVE Updates:  Prakash Pipes, in an exchange filing, announced that its Board has recommended a dividend of 24 per cent, i.e., ₹2.40 per equity share of Rs 10 each, subject to shareholder approval, for the financial year ended March 31, 2025.

 

The company's shares were trading at Rs 416.85 on the NSE, down 9.15 per cent from the previous close of ₹458.85.

 

9:30 AM

Stock Market LIVE Updates: 3 PM Market update

Stock Market LIVE Updates: Indian equity markets were trading lower on Friday, taking cues from their Asian peers. The selling was led by metals, auto and IT stocks amid renewed concerns over US tariffs.

 

At 3 PM, the BSE Sensex was at 81,492.87, down 140.15 points or 0.17 per cent, while the Nifty50 was at 24,781.30, lower by 52.30 points or 0.21 per cent.

 

9:19 AM

Stock Market LIVE Updates: IPO Calendar: Leela Hotels, Scoda Tubes among 10 firms to debut next week

Stock Market LIVE Updates:  Dalal Street investors are expected to remain in watch mode next week, with 10 companies set to list on the exchanges, including four mainboard, and six Small and Medium Enterprise (SME) offerings. Additionally, the initial public offering (IPO) of one SME company is scheduled to open for subscription. However, there will be no new openings in the mainboard segment, according to NSE schedule. READ MORE

9:08 AM

Stock Market LIVE Updates: Nifty PSU Bank index surges 3%; SBI, IOB, Canara, Union Bank rally up to 4%

Stock Market LIVE Updates: Shares of public sector banks (PSBs) were in focus, with frontline stocks gaining up to 4 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade in an otherwise subdued market. State Bank of India (SBI), Indian Bank, Indian Overseas Bank (IOB), Bank of Maharashtra, Union Bank of India, Uco Bank, Punjab & Sind Bank, Central Bank of India, Canara Bank, Bank of Baroda and Punjab National Bank were up in the range of 2 per cent to 4 per cent. READ MORE

 

8:58 AM

Stock Market LIVE Updates: TCS, L&T, 24 others to go ex-date next wk; do you own any?

Stock Market LIVE Updates: Shares of Tata Motors, Tata Consultancy Services (TCS), Tata Steel, Larsen & Toubro (L&T), Container Corporation of India, Bank of Baroda, and 20 other companies are set to remain in focus next week, following their announcements of dividend rewards for shareholders. READ MORE

8:45 AM

Stock Market LIVE Updates: AstraZeneca Pharma rises 2% on securing CDSCO nod for Benralizumab solution

Stock Market LIVE Updates: Pharmaceutical company AstraZeneca shares rose as much as 2.14 per cent to hit an intraday high of ₹8,089 per share on the last trading day of the week i.e. Friday, May 30, 2025.

 

AstraZeneca Pharma share price rose after it received approval from the Central Drugs Standard Control Organisation (CDSCO) to import for sale and distribution of Benralizumab 30 mg/ml solution for injection. READ MORE