Fag-Ed Buying Drives Sensex Over 300 Points Higher, Nifty 50 Above 24,800; Metal Stocks Shine

Stock market today: Indian Benchmark Indices Ended Higher on Thursday, May 29, as a late-case rally helped the nifty 50 and sensex break their two-day losing streak.

The stocks, which operated on a positive note amid a fresh wave of optimism toward Risky assets after Gains as the Session Progressed, only to recover most of their losses by the close.

The nifty 50 concluded the session with a gain of 81 points, or 0.33%, settling above the 24,800 mark at 24,833, while the senses ended at 81,693, up 320 points, or 0.39%.

Although the frontline indices moved back and forth, the broader markets continued to maintain strength. The nifty smallcap 100 index closed with a gain of 0.6%, while the nifty midcap 100 ended with a gain of 0.55%.

Despite Stable Global Cues and Favorable Domestic Factors, The Market is Being Weighed Down by inconsistent Fii Inflows, which is reflected in the Recent Rise in Volatiry.

On the economy front, the country’s growth figures for the March Quarter are scheduled to be released on Friday, May 30, with Projections Indicating that GDP Likely Rose to 6.9% in Q4FY25, Driven Jargly. Agricultural Activity and Service Exports, According to the Median Estimate of 22 Economists Pollled by Mint,

This would take full-year 2024–25 GDP growth to 6.3%, lower than the second advance Estimate of 6.5% Released by the National Statistical Officer in February.

On the Commodity Front, Gold Pries Slipped on Thursday to their lowest levels in over a week, as reduced tariff risk Crude oil prices rose up to 2%, marking a second straight session of Gains, supported by potential surge in demand on Easing Tariff Concerns.

Sectorral Performance: Metal Stocks Shine; PSU Banks Snap 4-Day Winning Streak

In Sector-Specific Action, Metal Stocks Continued their Upward Momentum, Propalling the Nifty Metal Index to a Gain of Over 1.21%, Making it the top sectorial performance. Nifty realty index also ended with over 1% gain, followed by nifty it, nifty pharma, and nifty media, all of which cleansed with gains of 450%.

On the losing side, the nifty psu bank index emerged as the top sectorral loser, as the sector lost step after rallying for four culture sessions, causing the index to declinee 0.24%.

FMCG Stocks Continued to Trade in Negative Territory, with the Nifty FMCG Index Ending Another Day in the Red, Down 0.13%.

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