Share Market News: The Sensex and Nifty opened marginally lower on May 28. After opening the headline indices slipped further into the red as the 30-share Sensex started 94.02 points or 0.11 per cent lower at 81457.61. At the time of writing the Sensex index shed 200 odd points lower to trade around 81351.31. Likewise, the Nifty 50 started with some marginal gains as it opened 6.3 points higher at 24,832.5. However the benchmark index soon slumped into the red zone declining 0.24 per cent.
Earlier on May 27, the headline indices ended a two-session gaining streak with the Sensex closing at 81,551.63 tanking 624.82 points or 0.76 per cent. On the other hand the Nifty 50 ended below the 25,000 mark at 24,826.20 down by 174.95 points or 0.7 per cent.
Broader Markets Continue Gaining Spree
Amid declines in the headline indices the broader markets extended their gaining spree for the fourth straight day. At the time of writing the Nifty Midcap 100 traded higher by 0.17 per cent and the Nifty Smallcap 100 traded with gains of around 0.41 per cent. Most sectoral indices traded flat with a positive bias in early trade. The Nifty IT index gained the most as it traded 0.67 per cent higher soon after the market opened. On the other hand the Nifty Bank index entered the red zone in early trade as it declined 0.04 per cent.
Top Nifty Gainers
From the Nifty 50 pack, Jio Financial Services Ltd, IndusInd Bank, Trent, Adani Ports and Special Economic Zones and Sun Pharmaceuticals emerged as top gainers in early trade as they surged up to 3.87 per cent. On the other hand shares of Ultratech Cement, JSW Steel, ITC, Tata Motors and Grasim declined the most soon after the market opened, trading by as low as 2.28 per cent.
US Markets End Losing Streak, Asian Indices Surge
Overnight, key Wall Street indices ended a four session losing streak. The Dow Jones Futures. S&P 500 and the Nasdaq Composite finished in the green zone, ending 0.03 per cent to 2.47 per cent higher. Asian indices took a cue from US markets and traded in the green in the early hours of May 28. Japan’s Nikkei 225 index opened higher and traded higher by 0.51 per cent at the time of writing. Other Asian indices such as the Hang Seng index, the KOSPI and the Shanghai Composite also edged higher by up to 1.95 per cent after opening in the green.
Commodity Prices On May 28
The US Dollar Index (DXY) traded in the green at 99.67 up by 0.25 per cent on May 28. At the time of writing WTI Crude (Jul′25) and the Brent Oil Futures - Aug 25 traded higher by up to 0.68 per cent. According to the Goodreturns website today, 10 grams of 24-carat gold rate today is Rs 97,620, 22-carat gold price was around Rs 89,490 and the price of 18 carat gold for 10 grams was around Rs 73,220.
