May 28, 06:30 AM

Nifty Holds at 24,750 Amid ITC-Led Decline, FMCG Index Down 2% in Second Consecutive Session

Indian equity markets experienced a mixed session on May 28, 2025, with the Nifty index holding at 24,750 despite a decline, marking its second consecutive day of losses. The market faced pressure primarily from ITC shares, which dragged the FMCG index down by 2%, alongside declines in Nestle and Emami by 2% each. IndusInd Bank also contributed to the downward trend. Midcap stocks outperformed amid the broader market weakness. Earlier in the week, the Nifty showed signs of rallying, with targets around 25,200 as investors monitored stocks such as IndiGo, PG Electroplast, and Aurobindo. Market analysts discussed the potential for buying on dips following the recent pullback, highlighting stocks including ITC, LIC, NMDC, and Bosch. The Sensex and Nifty remained in negative territory, with ITC's block deal and BEL reaching new highs noted among market highlights.

#Nifty #ITC #Nestle #Emami #IndusInd Bank #Midcap #IndiGo #PG Electroplast #Aurobindo #LIC #NMDC #Bosch #Sensex #BEL

Written with ChatGPT (GPT-4).

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Nifty Holds at 24,750 Amid ITC-Led Decline, FMCG Index Down 2% in Second Consecutive Session

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