Nifty and Sensex Dip in Final Trading Session of May; RPower Hits 52-Week High and Suzlon Jumps 9%

Nifty PSU Bank index stood out as the top sectoral gainer, rising 2.88 per cent.

On the final trading day of May, Indian benchmark indices ended with modest declines. The Nifty 50 closed down by 0.22 per cent, while the Sensex slipped 0.33 per cent. Over the week, the Nifty 50 recorded its second consecutive weekly loss, falling 0.41 per cent. Despite the weekly downturn, the Nifty 50 extended its monthly winning streak, gaining 1.17 per cent in May, marking its third straight month of positive returns.

Among the key contributors to the Nifty 50’s movement, HDFC Bank led the gains by adding 20.73 points, followed by SBI with 15.58 points, and Larsen & Toubro (LT) which contributed 6.50 points. On the downside, Infosys dragged the index down by 22.77 points, ICICI Bank by 20.22 points, and TCS by 9.76 points.

Noteworthy stock performances included Reliance Power, which surged 11.26 per cent to hit a new 52-week high, Suzlon Energy, which climbed to a six-month intraday peak and closed with a 9.26 per cent gain following positive Quarterly Results, and BSE shares, which rose 8.50 per cent to reach an all-time high on Friday.

The Nifty Bank index outperformed the broader market, closing 0.37 per cent higher on Friday and posting a weekly gain of 0.63 per cent.

Sector-wise, most indices ended in the red, with Nifty Metal and Nifty IT falling more than 1 per cent. However, the Nifty PSU Bank index stood out as the top sectoral gainer, rising 2.88 per cent.

Broader market indices such as the Nifty Midcap 100 and Smallcap 100 ended slightly lower on Friday, with marginal declines of 0.06 per cent and 0.03 per cent respectively. Despite this, strong stock-specific activity helped the broader markets register weekly gains exceeding 1 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.