Mumbai, May 30 (IANS) Indian stock market closed in red mark in Friday’s trading session. At the end of the trading, the Sensex was 81,451.01 with a weakness of 182.01 points or 0.22 percent at 81,451.01 and the Nifty declined by 82.9 points or 0.33 percent at 24,750.70.
In the evening, GDP data of the fourth quarter will be released by the government. The impact of these figures will be seen on the market in the coming sessions.
Midcap and smallcap are close to flat. The Nifty Midcap 100 index fell 37.25 points to 57,420.00 and the Nifty Smallcap 100 index closed at 17,883.30 with a weakness of 6.10 points.
Metal and IT shares led the decline. The Nifty Metal Index closed down 1.69 percent and the Nifty IT index of 1.15 percent. Apart from this, auto, pharma and FMCG also saw a decline. PSU Bank, Financial Services and Media Index were closed in the green mark.
The Sensex packs featured Eatron (Zomato), SBI, HDFC Bank, L&T and Bajaj Finserv Top Gainers. Tech Mahindra, HCL Tech, Asian Paints, NTPC, Infosys, Tata Steel, Nestle, Sun Pharma, Power Grid and TCS, M&M, Titan Titan Top Losis.
LKP Securities, Senior Technical Analyst Roopak De said that the Nifty closed on the first day of the June series with a negative trend. 24,700 is a strong support for Nifty. If there is a decline from here, it can also go to 24,500. In case of boom, it will be 24,800 one blockage level.
The stock market started flat. At 9.29 am, the Sensex was trading at 11.77 points or 0.01 percent to 81,644.79, while the Nifty was 13.20 points or 0.05 percent to 24,846.80.
On May 29, foreign institutional investors (FIIs) were pure buyers and bought equity of Rs 884.03 crore, while domestic institutional investors (DIIs) bought equity worth Rs 4,286.50 crore.
-IANS
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