Stock Market Updates: Sensex Falls Over 150 Points, Nifty Below 24,800; ITC Drops 4%

Last Updated:May 28, 2025, 09:28 IST

Sensex Today: India’s benchmark indices — Sensex and Nifty50 — are expected to open on a cautious note on Wednesday

Sensex Today: Indian stock markets opened flat with a mild downward bias on Wednesday, May 28, 2025, amid the absence of strong directional cues. The BSE Sensex slipped 180 points, or 0.22%, to 81,372 in early trade, while the NSE Nifty50 was down 34 points, or 0.14%, at 24,792.

In contrast, broader markets showed resilience. The Nifty MidCap index edged up 0.1%, while the Nifty SmallCap index gained 0.4%, outperforming the headline indices.

Sectorally, the Nifty IT index was among the top performers, rising 0.45%, followed by a 0.2% uptick in the Nifty Media index. On the flip side, FMCG stocks were under pressure, dragging the Nifty FMCG index down by 1.3%.

Global Cues

Asian markets opened higher, tracking strong overnight gains on Wall Street. The positive sentiment was buoyed by Trump’s move to postpone the imposition of a 50% tariff on EU imports until July 9 — a decision that helped ease global trade tensions.

Last checked, Nikkei rose 0.69 per cent, while the broader Topix index gained 0.47 per cent. Kospi climbed 1.42 per cent, ASX 200 edged up 0.4 per cent.

Investors will be closely watching out for Australia’s upcoming consumer price index report, along with the Reserve Bank of New Zealand’s scheduled monetary policy statement.

Meanwhile, US futures were little changed ahead of key earnings from Nvidia and the release of minutes from the Federal Reserve’s May policy meeting, both expected Wednesday afternoon US time.

Overnight in the US, all three major indexes closed firmly higher. The Dow Jones jumped 1.78 per cent. The S&P 500 advanced 2.05 per cent, and the Nasdaq Composite surged 2.47 per cent, with tech stocks like Tesla posting strong gains. The rally snapped a four-day losing streak for the Dow and S&P 500.

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