SENSEX closes 141 points lower, NIFTY50 ends flat amid mixed global cues; check details

Traders remained cautious due to the uncertainty related to the ongoing third round of negotiations between Iran and the United States. Although the markets are expecting a peace deal by this week, the escalations and latest attack reports in West Asia have weighed down the positive sentiment.

At 3:30 pm, the NIFTY50 index closed 0.03% or 6.55 points lower at 23,907.15 points after Wednesday’s trading session, compared to 23,913.70 points at the previous market close, according to the exchange data.

The BSE SENSEX index closed 0.19% or 141.90 points lower at 75,867.80 points after the trading session on May 27, compared to 76,009.70 points at the previous market session, according to the exchange data.

During the trading session, the benchmark indices witnessed high volatility, rising higher after a subdued opening. After trading higher for some time during the morning market session, the stock indices dropped in the red during the afternoon trading hours.

The indices were witnessing foreign investor outflow pressures, amid domestic buying support, which maintained the indices closing near flat levels amid the overall weak market.

Top gainers & losers today

Stocks like Tata Motors PV, Hindalco, Power Grid Corp., Eternal, NTPC, and Bajaj Auto were among the top gainers after Wednesday’s trading session amid a weak market sentiment, according to NSE data.

Tata Motors PV gained 4.5%, Hindalco gained 4.2%, Power Grid Corp. gained 2.7%, Eternal gained 2.2%, NTPC gained 2%, and Bajaj Auto gained 1.9% on the NIFTY50 index on May 27.

Other stocks like ONGC, HDFC Bank, HDFC Life Insurance, Wipro, SBI Life Insurance, and Dr Reddy's were among the top laggards on Wednesday’s market.

ONGC shares lost 5%, HDFC Bank lost 2.5%, HDFC Life Insurance lost 1.3%, Wipro lost 1%, SBI Life Insurance dropped 0.9%, and Dr Reddy's lost 0.5% after the trading session as of Wednesday’s market closing.