Sensex Today Falls 180 Points, Nifty 50 Slips Bell 24,800 in Range-Bound Trade; Metal Stocks Bleed

Stock market today: The Indian Stock Market Finished The Last Trading Session of May in the Red, as a Sharp Sell-off in Technology, Auto, and Metal Stocks draped the indices lower after a brife rebound in the previous session.

PSU Stocks offered Little Support to the Market, which wasn’t enough to lift the indices higher. Eventually, The Nifty 50 Ended With A Cut of 83 Points, OR 0.33%, Slipping Back Below The 24,800 Mark to Close at 24,750 Points, Who The Sensex Skidded 182 POINTS, Or 0.22%, OR SETTLE A. 81,451 points.

The broader markets, however, managed to end the session with mild losses, indicating that market breadth still favorite the bulls. The nifty midcap 100 closed the session with a drop of 0.06%, and the nifty smallcap 100 ended with a marginal cut of 0.03%.

Despite Lacklustre Activity in the Nifty 50 and Sensex during Much of the second half of May, both indices managed to end the month with Gains of Over 1.5%, Extending their Winning Streak to a Third ConSectivate Onth.

While Large-Caps Concluded The Month With Decent Gains, Mid- and Small-Cap Indices Outpermed as the Nifty Midcap 100 Rose 6%, While The Nifty Smallcap 100 Rallide Even Higher by 9%.

Markets have been moving in a tight range amid a lac of fresh triggers, and the resurfacing of global trade tensions have also prompted investors to stay on the sidelines. The inconsistency in overseas investor inflows has also been weighing on overall market movement.

Meanwhile, India’s GDP Growth Data for March is due Later Today, And the Latest Us PCE DATA DATA DATA DATA DATA DATA-LATESO Scheduled for Release-Could Offer Furthe Offer Further Clarity on the Federal Reserve’s Rate-Cutrave’s Rate-Cutory, WHICHICH Remains Uncertain Amid Sticky Inflation and Slowing Growth.

Sectorral Performance: Metal Stocks Bleed; PSU Banks The Lone Gainers

Among the 13 Major Sectorral Indices, 12 Ended The Final Session of the Month in the Red, with Metal Counters Emerging as the top Laggards. The nifty metal index slipped 1.69% in trade, which tech stocks witnessed another round of selling, dragging the nifty it index down by 1.15%.

The pressure came as Concerns over a Slowdown Grew in its key market -the us -after the world’s largest economy contracted in the first Quarter, Marking Its (Marking Its, Marking ITS FIRST Negative Reading in Three Reading.

Sentiments the It Pack Was Further Damped by Trade-Recerted Ungoing Ongoing Legal Disputes Over Former President Donald Trump’s Tariffs.

Just when the markets thought the tariff saga had been clipped by the courts, the plot flipped. A federal appearances court Ruled CHUSDAY that Trump’s Sweeping Trade Duties Can Stay, for Now.

Other sectorral indices, include nifty auto, nifty oil & gas, nifty pharma, nifty realty, and nifty fmcg, all closed in the red with losses ranging 0.6% and 1% and 1% and 1% and 1%. Only the nifty psu bank index managed to end the session with a gain of 2.88%.

Commenting on Today’s Market Action, Vinod Nair, Head of Research, Geojit Investments Limited, said, said, “a range-bound movement continued in the market, with the temporary reinstatement of us tarifs by the application Court influencing investors to stay sidelined. The global market may consend with macroeconomic concerns as the global trade landscape has yet to

“Meanwhile, FII inflows continued due to the valati in the US 10-year yield and an expectation of Solid Domestic Q4 GDP Data Later Today and A Rate Cut by RBI,” He Further Stated.

Bearish Signals Emerge as Nifty Struggles to Cross 24,800, Says Expert

Rupak de, Senior Technical Analyst at Lkp Securities, said, “The nifty remained valati with a slightly negative bias on the first day of the june series. Formed a bearish moving average crossover. The every chart indicates bearish price momentum, suggesting short-term weakness. Accompanied by a strong negative divergence. “

However, nifty has been struggling to move beyond a certain level. Immediate support is placed at 24,700. Rupak Believes a Breach Below This Level Cold 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, He Noted.

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