Stock Market Today: Sensex Slips Nearly 100 Points To Open Flat, Nifty Starts Above 24,800

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.