The stock markets in India started the day mostly flat but with a small upward trend, despite mixed news from around the world. The Nifty index stayed above 24,800 points. Shares in real estate, private banks, and FMCG (fast-moving consumer goods) went up, while shares in IT, metals, and media went down.
At 9:30 AM, the S&P BSE Sensex rose by about 59 points (0.07%) to 81,616. The Nifty 50 index gained nearly 16 points (0.06%) to 24,839.
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The wider market did better than the main indexes. The S&P BSE Mid-Cap index increased by 0.33%, and the S&P BSE Small-Cap index went up 0.23%.
More shares went up than down. On the BSE, 1,600 shares increased, 1,176 shares fell, and 152 shares stayed the same.
Foreign investors bought shares worth ₹884.03 crore, and Indian investors bought shares worth ₹4,286.50 crore on May 29, 2025.
Stocks in Focus:
- Bajaj Auto shares dropped 1.86% because the company’s net profit fell by 10.4% to ₹1,801.85 crore, even though sales rose by 8.5% to ₹12,204.49 crore in the last quarter.
- Suzlon Energy shares jumped 12.81% after the company’s net profit rose 365.2% to ₹1,182.22 crore, helped by a 73.2% increase in sales to ₹3,773.54 crore in the same period.
Other Important Numbers:
- The Indian rupee became a bit stronger against the US dollar, trading at 85.27 compared to 85.48 the previous day.
- Gold prices for June delivery fell by 0.66% to ₹94,760.
- The US dollar index, which measures the dollar’s strength against other currencies, went up slightly to 99.40.
- The yield on the US 10-year government bond dropped a bit to 4.42%.
- Brent crude oil prices for August delivery fell 34 cents, down 0.54%, to $63.01 per barrel.
Global Market Update:
Asian stock markets were down on Friday because investors were worried about a slowing US economy, ongoing inflation, and confusion over recent legal issues related to tariffs set by former US President Donald Trump.
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On Wednesday, a US court said Trump went beyond his power in imposing certain tariffs and canceled them. But the government appealed, and by Thursday, another court put the tariffs back in place. The government might ask the Supreme Court to pause this decision as soon as Friday.
In economic news from Asia:
- Japan’s core inflation rose slightly in May compared to April.
- Japan’s unemployment rate stayed the same at 2.5%.
- South Korea’s industrial production dropped by 0.9% in April after a 2.9% rise in March.
Despite these concerns, US stock markets closed a little higher overnight. The S&P 500 went up 0.4%, Nasdaq gained 0.39%, and Dow Jones rose 0.28%, but investors stayed cautious because of the ongoing tariff legal issues.
