Post-Market Update: Market Closing today (May 28, 2025)

Nifty Extends Losses for Second Day; ITC Falls Over 3%, Its Highest Decline in 7 Months; LIC Surges Over 8%, Witnesses Highest Volume Since Listing Day

On May 28, Indian equity benchmarks closed lower. The indices slipped in early trade, weighed down by a decline in ITC shares, even as global markets showed optimism. At the closing bell, the Nifty 50 ended down by 73.75 points or 0.30% down at 24,752.45, while the Sensex declined by 239.31 points or 0.29% to 81,312.32, extending losses for the second consecutive trading day.

A major block deal involving British American Tobacco, likely reducing its stake in ITC, pulled the FMCG giant down by over 3%. The stock was also trading ex-dividend for ₹7.85. As a result, the Nifty FMCG index fell 1.49%.

Despite this drag, broader market sentiment remained resilient. Five out of 13 key sectoral indices registered gains, while the Mid-cap and Small-cap indices closed mixed.

Stock-Specific Highlights

Among individual stocks,

• Life Insurance Corporation of India surged 8.12% after reporting improved Q4 earnings, primarily due to lower staff-related expenses. 
• Newly listed Belrise Industries debuted at ₹100, an 11.11% premium over its issue price of ₹90. 
• On the downside, Bosch dropped 2.6% following a weaker quarterly profit, emerging as the biggest loser on the Nifty Auto index, which declined by 0.68%. 

Nifty Media - Top Gainer of the Day

The Nifty Media index surged by 1.04% on Wednesday. Network18 Media & Investments jumped over 5%, leading gains among media stocks and lifting the Nifty Media index.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• ICICI Bank: +13.96 points
• Bharti Airtel: +8.06 points
• Bajaj Finance: +6.97 points

On the other hand, these stocks weighed on the index:

• ITC: -32.5 points
• Mahindra & Mahindra: -10.9 points
• Reliance: -8.61 points

Broader Markets Mixed

The broader market indices ended mixed, with the Mid-cap 100 index declining by 0.02% and the Small-cap 100 index advancing by 0.33%, while 5 out of 13 major sectoral indices ended in the positive territory.

Market Breadth

As of May 28, 2025, the Indian stock market witnessed positive market breadth. Out of 2,940 stocks traded on the NSE, 1,469 advanced, 1,395 declined, and 83 remained unchanged. 

A total of 51 stocks touched their 52-week highs, while 17 hit their 52-week lows. Additionally, 93 stocks were locked in their upper circuits, whereas 47 stocks were in lower circuits. 

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