Stock market close highlights: Sensex dips 182pts, Nifty at 24,751; Auto, IT, metal drag; PSBs rally

Stock Market Highlights on Friday, May 30, 2025: Among the broader basket, Nifty Midcap100, and Nifty Smallcap100 ended with a loss of 0.06 per cent and 0.03 per cent, respectively

3:53 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The Nifty remained volatile with a slightly negative bias on the first day of the June series. On the smaller time frame, the index has formed a bearish moving average crossover. The RSI on the hourly chart indicates bearish price momentum, suggesting short-term weakness. Additionally, signs of exhaustion are visible on the daily RSI, accompanied by a strong negative divergence.

 

However, Nifty has been struggling to move beyond a certain level. Immediate support is placed at 24,700; a breach below this level could lead to a decline towards 24,500. On the higher side, 24,800 is likely to act as a crucial resistance, as call writers have built significant positions at that level.

View by Rupak De, senior technical analyst, LKP Securities.

3:40 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: A range-bound movement continued in the market, with the temporary reinstatement of US tariffs by the appeal court influencing investors to stay sidelined. The global market may contend with macroeconomic concerns as the global trade landscape has yet to see stability, which may navigate a short-term consolidation. Meanwhile, FII inflows continued due to the volatility in the US 10-year yield and an expectation of solid domestic Q4 GDP data later today and a rate cut by RBI.

View by Vinod Nair, head of research, Geojit Investments Limited.

 

3:40 PM

Stock Market LIVE Updates: A glance at broader market at close

Stock Market LIVE Updates: Broader market indices closed mixed with BSE Midcap down 0.39 per cent and Smallcap up 0.17 per cent. 

3:38 PM

Stock Market LIVE Updates: IT stocks drag Sensex

Stock Market LIVE Updates: Infosys, HCLTech, Infosys were among the top laggards on Sensex.

3:37 PM

Stock Market LIVE Updates: Nifty settles at 24,750.7, down 82.9 pts

Stock Market LIVE Updates: NSE Nifty50 finished at 24,750.7, down 82.9 or 0.33 per cent. 

3:35 PM

Stock Market LIVE Updates: Sensex closes at 81,451.01, down 182 pts -0.22%

Stock Market LIVE Updates: BSE Sensex closed at 81,451.01, down 182.01 points or 0.22 per cent.

3:28 PM

Stock Market LIVE Updates: Neptune Petrochemicals IPO closes today; subscription nears 3x, GMP nil

Stock Market LIVE Updates: The three-day subscription window to bid for Neptune Petrochemicals initial public offering (IPO) is set to close today, May 30, 2025. The SME public issue, which opened for bidding on Wednesday, May 28, 2025, has received a muted response from investors. According to NSE data, the issue has been subcribed only 2.77 times. READ MORE

3:20 PM

Stock Market LIVE Updates: Anil Ambani Reliance Group stock nears 52-week high; soars 48% in 3 weeks

Stock Market LIVE Updates:  Share price of Reliance Infrastructure has moved higher by 11 per cent to ₹347.65 on the BSE in Friday’s intra-day trade amid heavy volumes in otherwise a subdued market. 

 

The stock price of Anil Ambani Reliance Group Company is trading close to its 52-week high level of ₹350.90 touched on September 24, 2024. READ MORE

3:15 PM

Stock Market LIVE Updates: Schloss Bangalore (Leela Hotels IPO) to make flat debut on bourses

Stock Market LIVE Updates: "Despite muted market sentiment, Leela Hotels’ IPO received decent overall subscription, largely driven by Qualified Institutional Buyers (QIBs). However, demand from Retail and High Net-worth Individuals (HNIs) remained subdued. This lower interest is justified given investor concerns around the IPO’s valuation, the company’s significant debt burden even after recent reductions, and operational challenges such as occupancy rates lagging behind industry averages.

 

Given the decent subscription levels amid muted market sentiment, we anticipate a flat listing for Schloss Bangalore Ltd (Leela Hotels). However, we view the company as a compelling long-term play, aligned with the structural growth in India’s luxury hospitality and tourism sector. We recommend allotted investors to HOLD it for long-term perspective, as the company is well positioned to benefit from improving macro trends in travel and high-end hospitality while non-allotted investors can WAIT & WATCH for potential post-listing discount to enter at more attractive valuations."

 

Views by: Prashanth Tapse, Sr VP Research – Research Analyst at Mehta Equities

3:08 PM

Stock Market LIVE Updates: Prakash Pipes announces to pay a dividend of Rs 2.40 per share

Stock Market LIVE Updates:  Prakash Pipes, in an exchange filing, announced that its Board has recommended a dividend of 24 per cent, i.e., ₹2.40 per equity share of Rs 10 each, subject to shareholder approval, for the financial year ended March 31, 2025.

 

The company's shares were trading at Rs 416.85 on the NSE, down 9.15 per cent from the previous close of ₹458.85.

 

3:00 PM

Stock Market LIVE Updates: 3 PM Market update

Stock Market LIVE Updates: Indian equity markets were trading lower on Friday, taking cues from their Asian peers. The selling was led by metals, auto and IT stocks amid renewed concerns over US tariffs.

 

At 3 PM, the BSE Sensex was at 81,492.87, down 140.15 points or 0.17 per cent, while the Nifty50 was at 24,781.30, lower by 52.30 points or 0.21 per cent.

 

2:49 PM

Stock Market LIVE Updates: IPO Calendar: Leela Hotels, Scoda Tubes among 10 firms to debut next week

Stock Market LIVE Updates:  Dalal Street investors are expected to remain in watch mode next week, with 10 companies set to list on the exchanges, including four mainboard, and six Small and Medium Enterprise (SME) offerings. Additionally, the initial public offering (IPO) of one SME company is scheduled to open for subscription. However, there will be no new openings in the mainboard segment, according to NSE schedule. READ MORE

2:38 PM

Stock Market LIVE Updates: Nifty PSU Bank index surges 3%; SBI, IOB, Canara, Union Bank rally up to 4%

Stock Market LIVE Updates: Shares of public sector banks (PSBs) were in focus, with frontline stocks gaining up to 4 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade in an otherwise subdued market. State Bank of India (SBI), Indian Bank, Indian Overseas Bank (IOB), Bank of Maharashtra, Union Bank of India, Uco Bank, Punjab & Sind Bank, Central Bank of India, Canara Bank, Bank of Baroda and Punjab National Bank were up in the range of 2 per cent to 4 per cent. READ MORE

 

2:28 PM

Stock Market LIVE Updates: TCS, L&T, 24 others to go ex-date next wk; do you own any?

Stock Market LIVE Updates: Shares of Tata Motors, Tata Consultancy Services (TCS), Tata Steel, Larsen & Toubro (L&T), Container Corporation of India, Bank of Baroda, and 20 other companies are set to remain in focus next week, following their announcements of dividend rewards for shareholders. READ MORE

2:15 PM

Stock Market LIVE Updates: AstraZeneca Pharma rises 2% on securing CDSCO nod for Benralizumab solution

Stock Market LIVE Updates: Pharmaceutical company AstraZeneca shares rose as much as 2.14 per cent to hit an intraday high of ₹8,089 per share on the last trading day of the week i.e. Friday, May 30, 2025.

 

AstraZeneca Pharma share price rose after it received approval from the Central Drugs Standard Control Organisation (CDSCO) to import for sale and distribution of Benralizumab 30 mg/ml solution for injection. READ MORE

2:10 PM

Stock Market LIVE Updates: Ramdev's Patanjali under probe for suspicious transactions

Stock Market LIVE Updates: The Centre has asked Patanjali Ayurved Ltd to explain a series of financial transactions flagged as suspicious by federal economic intelligence agencies, according to a report by Bloomberg. 

 

The Ministry of Corporate Affairs has issued a notice to the firm and is probing potential fund diversion and breaches of corporate governance. READ MORE

2:08 PM

Stock Market LIVE Updates: RIL, Dixon, 10 other stocks form 'Golden Cross'

Stock Market LIVE Updates: On Friday, while the benchmark Nifty 60 and the broader Nifty 500 indices consolidated in trades, a total of 12 out of the Nifty 500 stocks, including Reliance Industries, witnessed the formation of a 'Golden Cross', also commonly known as 'Golden Crossover' on the daily technical charts. READ MORE

 

2:01 PM

Stock Market LIVE Updates: 2 PM Market update

Stock Market LIVE Updates: Indian equity markets were trading lower on Friday, taking cues from their Asian peers. The selling was led by metals, auto and IT stocks amid renewed concerns over US tariffs.

 

At 2 PM, the BSE Sensex was at 81,532.9, down 100.03 points or 0.12 per cent, while the Nifty50 was at 24,797.6, lower by 36 points or 0.14 per cent.

1:51 PM

Stock Market LIVE Updates: Mukul Agrawal portfolio stock hits new high; zooms 110% from 3-month low

Stock Market LIVE Updates: BSE shares hit a new high of ₹2,670 on the National Stock Exchange (NSE) as they rallied 8.3 per cent in Friday's intraday trade, in an otherwise weak market. In the past two trading days, the BSE share price has surged 11 per cent.

 

In the past month, BSE stock has outperformed the market by gaining 25 per cent as compared to a 1.7 per cent rise in the Nifty 50. READ MORE

1:42 PM

Stock Market LIVE Updates: Reliance Power shares jump 15%, hits 52-week high

Stock Market LIVE Updates: Reliance Power share price jumped 15.3 per cent in trade on Friday, May 30, 2025, hitting a 52-week high at ₹59.73 per share on BSE. The stock extended its rally for the second consecutive session and rose nearly 17 per cent. 

 

The stock has gained nearly 30 per cent in May so far. In the past one year, Reliance Power shares have gained 111 per cent as compared to Sensex's rise of 10 per cent. READ MORE

1:30 PM

Stock Market LIVE Updates: NR Vandana Textile IPO ends today; subscription rises 16x, GMP up 31%

Stock Market LIVE Updates: The unlisted shares of NR Vandana Tex Industries (NR Vandana Textile), whose initial public offering (IPO) is set to close for subscription today, commanded a strong premium on Friday, May 30, 2025.

 

Sources tracking unofficial market activities revealed that NR Vandana Textile shares were trading at ₹59 apiece, reflecting a grey market premium (GMP) of ₹14 or 31.11 per cent against the upper end of the IPO price band of ₹45. READ MORE

1:20 PM

Stock Market LIVE Updates: Ola Electric share price slumps 10% in trade after Q4 loss widens YoY

Stock Market LIVE Updates: Ola Electric share price plummeted 9.7 per cent in trade on Friday, May 30, 2025, logging an intraday low at ₹48.07 per share on BSE. The selling pressure on the counter came after the company posted weak Q4FY25 results. At 9:30 AM, Ola share price was down 6.12 per cent at ₹49.98 per share on the BSE.

 

The electric vehicle manufacturer reported its Q4 results on Thursday, after market hours. In the quarter ended March 31, 2025, the company posted a consolidated net loss of  ₹870 crore as against a loss of ₹416 crore a year ago. READ MORE

1:11 PM

Stock Market LIVE Updates: Gujarat Pipavav Port zooms 12% on healthy Q4 results; PAT rises 70% YoY

Stock Market LIVE Updates: Gujarat Pipavav Port share price jumped 11.5 per cent in trade on Friday, May 30, 2025, logging an intraday high at ₹165 per share on BSE. The stock was in demand after the company posted its Q4 results. 

 

At 11:05 AM, Gujarat Pipavav Port share price was up 11.1 per cent at ₹164.4 per share on the BSE. The port services company posted its Q4 results, after market hours, on Thursday. In the fourth quarter, the company reported a net profit of ₹112.4 crore as compared to a profit of ₹65.8 crore a year ago, up 70 per cent. READ MORE

1:01 PM

Stock Market LIVE Updates: 1 PM Market update

Stock Market LIVE Updates: Following a flat start, Indian equity markets were trading lower on Friday led by selling in metal, auto and IT stocks amid renewed concerns over US tariffs.

 

At 1 PM, the BSE Sensex was at 81,393, down 239 points or 0.29 per cent, while the Nifty50 was at 24,758, lower by 75 points or 0.3 per cent.

12:51 PM

Stock Market LIVE Updates: MCX, Firstsource shares can zoom over 30%, hit new life-time highs: charts

Stock Market LIVE Updates: Shares of Multi Commodity Exchange of India (MCX) and Firstsource Solutions (FSL) were seen trading on a divergent note in trades on Friday, May 30, 2025 on the NSE. MCX stock was up nearly a per cent around ₹6,624 levels, while FSL share price slipped 3.5 per cent to ₹381 levels.

 

Technical charts, however, flag a positive development for both MCX and FSL stocks. The daily charts show formation of the 'Golden Cross' pattern also commonly referred to as 'Golden Crossover'. READ MORE

12:42 PM

Stock Market LIVE Updates: This battery manufacturer's shares dropped 5% today; check key details here

Stock Market LIVE Updates: Battery manufacturer Amara Raja Energy & Mobility (Amara Raja) share price struggled in Friday’s trade, with the scrip dropping as much as 5.43 per cent to an intraday low of ₹1,030 apiece after the company reported a weak performance in the March quarter of financial year 2025 (Q4FY25).

 

At 12:20 PM, Amara Raja shares continued to remain under pressure, down 4.80 per cent lower at ₹1,036.90. In comparison, BSE Sensex was trading 0.35 per cent lower at 81,348.21 levels.

 

While revenue remained steady, key profitability metrics declined. Net profit fell 29.7 per cent year-on-year (YoY) to ₹162 crore in Q4FY25, compared to ₹230 crore in the same quarter last year (Q4FY24). READ MORE

12:31 PM

Stock Market LIVE Updates: Explained: Why Bharat Dynamics shares jumped 6% today, 131% from March low

Stock Market LIVE Updates: Bharat Dynamics Limited (BDL) share price hit a new high of ₹2,096.60, soaring 6 per cent on the National Stock Exchange (NSE) in Friday's intraday trade, as the stock of the state-owned company got added to the futures and options (F&O) segment effective today i.e. May 30, 2025.

 

In the past four weeks, the stock price of the aerospace and defence company has rallied 41 per cent. Further, the stock has zoomed 131 per cent from its three-month low of ₹908.90 touched on March 31, 2025. READ MORE

12:22 PM

Stock Market LIVE updates: Muthoot Finance soars 7% as FinMin seeks exemptions for gold loan norms

Stock Market LIVE updates: Shares of Muthoot Finance rose nearly 7 per cent on Friday after the government asked the Reserve Bank of India (RBI) to delay the implementation of the gold loan norms until January 2026 to ensure small borrowers are not affected. 

 

The non-banking financial company's (NBFC's) stock rose as much as 6.9 per cent during the day to ₹2,207 per share, the biggest intraday gain since February 13, 2025. The stock pared gains to trade 6.4 per cent higher at ₹2,200 apiece, compared to a 0.20 per cent decline in Nifty50 as of 11:30 AM. 

 

The Ministry of Finance said that the RBI's Draft Directions on Lending Against Gold Collateral were examined by the Department of Financial Services (DFS), and suggestions have been given to ensure that the requirements of the small gold loan borrowers are not adversely affected. READ MORE

12:13 PM

Stock Market LIVE Updates: SJVN shares down 5% as company slips into loss in Q4; Key details here

Stock Market LIVE Updates: SJVN share price lost 5.1 per cent in trade on Friday, May 30, 2025, logging an intraday low at ₹96.86 per share on BSE. The stock slipped after the company posted Q4 results. 

 

At 11:05 AM, SJVN share price was down 4.7 per cent at ₹97.33 per share on the BSE. The power generation company posted its Q4 results, after market hours, on Thursday. In the fourth quarter, the company reported a net loss of ₹127.72 crore as compared to profit of ₹61.08 crore a year ago. READ MORE

12:01 PM

Stock Market LIVE Updates: 12 PM Update- Sensex down 230 pts; Nifty below 24,800

Stock Market LIVE Updates: BSE Sensex was down 237.05 points or 0.29 per cent at 81,395.97, around 12 PM. NSE Nifty50 was also down 85 points or 0.35 per cent at 24,748.6. 

Expect PSU Bank, all sectors traded in red.