Stock Market Today: The stock market opened higher on May 29, 2025, tracking its Asian peers. The Sensex opened at 81,591.03, and soon surged over 500 points to trade above the 81,800 level. Likewise, the Nifty 50 opened at 24,825.10 and climbed around 140 points to trade near the 24,900 mark.
On the sectoral front, Nifty IT emerged as the top gainer, rising over 1.7 per cent in early trade. It was followed by Nifty Metal, which gained around 1 per cent. Nifty Auto, Nifty Pharma, Nifty Private Bank, Nifty Healthcare and Nifty Media traded in the green, while Nifty FMCG, Nifty Realty, Nifty PSU Bank, Nifty Oil & Gas, Nifty Consumer Durables and Nifty Financial Services quoted in the negative territory.
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Nifty Bank, on the other hand, traded slightly higher by some 90 odd points or 0.15 per cent to quote around the 55,500 level.
Sensex, Nifty 50: Top Gainers & Losers
From the Sensex, Infosys, Tech Mahindra, Tata Steel, HCL Technologies, Sun Pharma, IndusInd Bank, Eternal and Tata Consultancy Services (TCS) were the top gainers, while Bajaj Finance, Bajaj Finserv, UltraTech Cement, Nestle India, Asian Paints, and Maruti were the top drags.
From the Nifty 50 pack, Infosys, JSW Steel, Trent, Tech Mahindra, Eternal, Tata Steel and HCL Technologies were the top gainers, while Apollo Hospitals, Tata Consumer Products, Bajaj Finance, Bajaj Finserv, UltraTech Cement and Jio Financial Services were the biggest losers.
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US Market Closes Lower, Asian Stocks Gain
The US stock markets ended lower on May 28,2025, as investors reacted to the Federal Reserve’s May 6-7 meeting's minutes and a flurry of corporate earning reports.
The minutes revealed a growing sense of caution among central bank officials. According to a Reuters report, policymakers acknowledged they could face “difficult tradeoffs” ahead due to rising inflation and rising unemployment.
The Dow Jones Industrial Average fell 244.95 points, or 0.58 per cent, to close at 42,098.70. The S&P 500 slipped 32.99 points, or 0.56 per cent, to end the day at 5,888.55. The tech-heavy Nasdaq Composite fell 98.23 points, or 0.51 per cent, to settle at 19,100.94.
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Asian markets traded higher in early trade on May 29 after a US federal court stopped US President Donald Trump’s “Liberation Day” tariffs from being implemented.
The move eased worries about a potential spike in trade tensions, lifting investor sentiment across the region.
The widely-tracked Hong Kong-based Hang Seng index traded higher by 0.61 per cent. China's SZSE Component was up by 1.15 per cent, while the broader SSE Composite was up by 0.72 per cent.
Japan's Nikkei 225 was up by 1.68 per cent while the broader Topix index was up by 1.47 per cent. South Korea's KOSPI too traded higher by 1.71 per cent.
