Sensex and Nifty News: Markets Extend Losses, ITC Leads the Decline

Market Performance

On May 28, 2025, Indian equity markets experienced another choppy trading session, with the Sensex and Nifty turning red for the second consecutive day. Despite strong cues from Wall Street, domestic markets remained under pressure due to sectoral profit-taking and large block trades.

• Sensex slipped 240 points or 0.29%, closing at 81,312
• Nifty 50 fell 63 points or 0.3%, ending at 24,752
• Nifty Midcap 100 closed flat
• Nifty Smallcap 100 gained 0.33%

Broader market sentiment was mixed, with a slight positive market breadth — 1,962 stocks advanced, 1,831 declined, and 151 remained unchanged.

Main News

Heavyweight stocks dragged indices lower, with ITC being the top loser. The company's shares fell nearly 3% following a significant ₹11,613 Crore block deal, as British American Tobacco (BAT) reduced its stake by 2.3%. Approximately 385 million ITC shares changed hands on the National Stock Exchange (NSE).

Other laggards included:

• IndusInd Bank fell 2%, snapping a five-day winning streak
• Losses were also seen in Reliance Industries, M&M, HDFC Bank, UltraTech Cement, and Sun Pharma, each dropping up to 2%

However, gains in Infosys, Tata Motors, Tech Mahindra, and TCS helped cushion the fall to some extent.

Sectoral Performance

Sector-wise, FMCG stocks bore the brunt of the sell-off:

• Nifty FMCG dropped 1.49%, hit by steep declines in ITC and Nestle India
• Nifty Auto declined 0.68% due to profit booking
• Other sectors like Pharma, Metal, Realty, and Consumer Durables recorded losses ranging from 0.15% to 0.60%

On the positive side:

• Nifty Media rose 1.04%
• Nifty PSU Bank climbed 0.97%, led by gains in SBI, Bank of Baroda, and PNB

Company Details

ITC Ltd.

• Share fall: ~3%
• Deal value: ₹11,613 Crore
• Stake sold: 2.3% by BAT
• Shares traded: ~385 million

IndusInd Bank

• Drop: 2%
• Ended a 5-day winning streak

IPO Market Activity

The primary market remained active as investor focus shifted towards IPOs amid weak secondary market cues.

Belrise Industries

• Debut listing at ₹100, an 11.11% premium
• Closed at ₹97.41, up 8.3% from the IPO price of ₹90

Leela Hotels IPO

• Fully subscribed on Day 3
• Strong demand from QIBs and retail investors

Summary of the Article

Despite positive global signals, Sensex and Nifty remained bearish due to profit booking in key sectors and massive block deals, such as the ITC transaction. While the FMCG and auto sectors dragged the market, media and PSU banks showed resilience. Meanwhile, IPO activity continued to attract investor interest, offering some optimism amid broader market volatility.