Stock Market Highlights, May 30: Sensex drops 617 pts, gives up 74K; Nifty below 22,500 | News on Markets

Closing Bell on May 30, 2024: Extending their weakness into fifth day, benchmark indices ended up to 0.9 per cent lower on Thursday, May 30. The S&P BSE Sensex saw exacerbated selling in the second half, leading to the index settling 617 points, or 0.83 per cent, lower at 73,886 levels.

The Nifty50, on the other hand, ended beow the 22,500-mark at 22,489, down 216 points or 0.95 per cent.

Tata Steel, Tech M, Titan Company, Power Grid, Bajaj Finserv, Bajaj Finance, Wipro, Nestle, JSW Steel, TCS, Infosys, M&M, Tata Motors, ITC, Sun Pharma, HCL Tech, NTPC, and Ultratech Cement dropped in the range of 1.5 per cent to 5.75 per cent.

Meanwhile, in the broader markets, the BSE MidCap, and SmallCap indices fell over 1 per cent each.

Among sectors, the Nifty Metal index declined nearly 3 per cent, the Nifty IT 2.2 per cent, and the Nifty Pharma 1.8 per cent.