Bears Grip Dalal Street as Tariff Worries & Global Cues Weigh In

📰Daily Market Wrap-Up by Stock Whisperers-May 30

Author

thestock whisperers
May 30, 2025

30-May-2025

📈 Market Overview:

Summary of the Day's Market Performance

Market Overview

  • The Sensex fell 182.01 points (-0.22%) to close at 81,451.01, ending the week on a softer note.

  • The Nifty dropped 82.90 points (-0.33%) to 24,750.70, staying range-bound.

  • Midcap and Smallcap indices gained marginally, showing resilience in the broader market.

  • Most sectors ended in the red. Metals, FMCG, and IT led declines, while PSU Banks (+2.9%) provided some support.

💸 Market Transactions:

  • Foreign Institutional Investors (FII): Sold ₹-6,449.74 crore

  • Domestic Institutional Investors (DII): Bought ₹9,095.91 crore

Heavy DII buying offset FII outflows, cushioning the market’s fall.

📊📑 Important Observations and Market Sentiments: Editor Special

  • Markets remained range-bound, dragged by weakness in IT (Tech Mahindra, Infosys) and FMCG (Asian Paints) amid global tech uncertainties and a weak consumer demand outlook. The US appeals court’s temporary reinstatement of tariffs (reversing yesterday’s ruling) added to global trade concerns, prompting investor caution.

  • FII inflows earlier in the week, driven by US 10-year yield volatility and expectations of solid Q4 GDP data (due later today) and an RBI rate cut, provided some support. Selective buying in banking (SBI, HDFC Bank), infrastructure (L&T), and renewables (Suzlon) offered resilience.

  • Analysts expect Nifty to consolidate between 24,600 and 24,900, with support at 24,500 and resistance at 25,000, recommending selective investments in strong stocks like Eternal and SBI amid ongoing volatility.

❓ DO YOU KNOW?

Today, the US appeals court’s reinstatement of tariffs reverses a May 29 ruling that declared Trump’s tariffs illegal, potentially reimposing rates up to 245% on Chinese goods and impacting global trade sentiment.

📰Stock News:

Key Stock Movements and News

  • Top Gainers: Eternal Healthcare (Zomato), State Bank of India, HDFC Bank, Larsen & Toubro, Reliance Industries, Suzlon Energy, Orchid Pharma, Harsha Engineers, Alivus Life Sciences, and Bajaj Auto

  • Top Losers: Tech Mahindra, Infosys, NTPC, Asian Paints, HCL Technologies, and Ola Electric

  • Larsen & Toubro (L&T) gained after a ₹14,000 crore tender was scrapped, boosting infrastructure sector optimism.

  • Infosys declined due to profit-taking in IT stocks and caution ahead of US GDP data.

  • Orchid Pharma rose after the USFDA issued an EIR with “VAI” status, accepting its submission on prior observations.

  • Harsha Engineers gained as DSP Mutual Fund bought 4.64 lakh shares at ₹383/share, lifting confidence.

  • Kiri Industries fell 9% after announcing the sale of its 38% stake in DyStar Global for ~₹6,000 crore, despite its market cap being ₹3,573 crore.

  • Welspun Living traded flat as Q4 net profit fell to ₹131.8 crore from ₹146 crore YoY, with revenue up marginally to ₹2,646 crore.

  • Landmark Cars saw neutral sentiment as Q4 net profit dropped to ₹1.75 crore from ₹10.97 crore YoY, despite revenue growth to ₹1,091 crore.

  • Nisus Finance Services had muted movement as Q4 net profit fell to ₹13.71 crore from ₹18.90 crore YoY, with revenue at ₹32.70 crore.

  • India Glycols approved a 1:2 stock split, drawing attention.

  • Alkem Labs cracked 4% after Jefferies lowered its target to ₹4,460/share, indicating a further 12% correction.

Your Weekly Stock Markets Rundown: 📊 All Eyes on GDP & Powell: Market Awaits Key Triggers Amid Fading Earnings Buzz

May 26-30, 2025

The week of May 26-30, 2025, marks the end of the Q4 FY25 earnings season, with Nifty recovering to 25,001.15 amid cautious optimism. Global economic challenges persist, with Chinese slowdown, steady US rates, and rising Japanese rates in focus, though easing tariff tensions provide some relief. Key data releases like India’s Q4 GDP, US GDP estimates, and Jerome Powell’s speech will shape market direction. Final earnings from LIC, Bajaj Auto, and Apollo Hospitals, alongside IPO activity, will drive stock-specific action. Opportunities lie in insurance, healthcare, and consumer goods, with Nifty poised for potential upside if it breaks 25,265.

👀Stocks to Focus:

  • Eternal Healthcare (Zomato): Strong performance to monitor.

  • SBI: Banking sector resilience to watch.

  • Infosys: IT sector volatility to observe.

📝Summary:

Indian markets fell 0.3%, with Nifty at 24,750, dragged by IT and FMCG weakness amid global tariff reinstatement and tech uncertainties. PSU Banks gained, supported by DII buying, while FII outflows added pressure. Nifty may consolidate—selective buying in strong stocks advised amid volatility!

😊Thank you for subscribing to our Market Wrap-Up. Stay tuned for tomorrow's update.

Disclaimer: The Stock Whisperers is a media platform providing educational and informational content related to the stock market. We do not offer investment advice, stock recommendations, or tips. Readers should consult a SEBI-registered advisor before making any investment decisions.