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Sensex fell 141 points to 75867, Nifty 50 ended flat at 23907 as financials like HDFC Bank dragged, while auto and metal stocks such as Maruti Suzuki India and Tata Steel gained
Stock Market Today
Indian equity benchmarks ended on a muted note on May 27 as investors remained cautious amid mixed global cues and stock-specific action. The benchmark BSE Sensex slipped 141 points, or 0.19%, to close at 75,867, while the Nifty 50 ended nearly flat at 23,907.
Financials Weigh On Market
The broader market remained range-bound during the session as weakness in heavyweight banking and financial stocks capped gains. Shares of HDFC Bank emerged as one of the top drags on the Sensex, falling over 2.6%, while other lenders including ICICI Bank and Kotak Mahindra Bank also traded lower. The Nifty Bank index declined 0.43%, reflecting pressure in the financial pack.
Auto, Metal Stocks Shine
Despite subdued headline indices, several sectors witnessed strong buying interest. The Nifty Auto index rose 1.45%, supported by gains in stocks such as Maruti Suzuki India and Mahindra & Mahindra. Metal counters also remained in focus, with the Nifty Metal index climbing 1.67% amid optimism around global commodity demand. Shares of Tata Steel gained more than 2% during the session.
Broader Markets Outperform
Broader markets continued to outperform frontline benchmarks. The Nifty Midcap 100 index advanced 0.42%, while the Nifty Smallcap 250 index gained 0.55%, indicating sustained investor interest in mid- and small-cap counters. Market breadth remained largely positive even as benchmark indices traded under pressure.
Volatility Eases
India VIX, often referred to as the market’s fear gauge, declined more than 7% to 14.98, suggesting easing volatility expectations among traders. Analysts said investors are closely monitoring global economic developments, foreign fund flows, and upcoming domestic macroeconomic data for further market direction.
Among Sensex gainers, Power Grid Corporation of India, NTPC and Tata Steel led the advances, while HDFC Bank, Infosys and ITC were among the major laggards.
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