Market Wrap: Nifty and Sensex Close Higher, Printing & Stationery Sector Shines
By ScanX News Team
Indian stock markets ended positively on May 29, 2025, with Nifty 50 up 0.52% at 24,880.80 and BSE Sensex gaining 0.59% to 81,795.35. Printing & Stationery sector led gains at 2.49%, while Utilities underperformed at -1.70%. Market breadth was balanced with 2,176 advancing and 2,172 declining stocks out of 4,348 total. Sandur Manganese & Iron Ores Ltd. was in focus despite closing 10.41% lower, following mixed Q4 results and dividend announcement.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets ended on a positive note on May 29, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, closing in the green. The Nifty 50 index closed at 24,880.80, up 128.35 points or 0.52% from the previous close. Similarly, the BSE Sensex finished at 81,795.35, gaining 483.03 points or 0.59%.
Sectoral Performance
Top Performing Sectors
The day saw significant gains in select sectors:
| Sector | Avg. Percentage Change |
|---|---|
| Printing & Stationery | 2.49% |
| Aerospace & Defense | 1.87% |
| Petroleum Products | 1.47% |
| Food Products | 0.97% |
Underperforming Sectors
On the flip side, some sectors faced headwinds:
| Sector | Avg. Percentage Change |
|---|---|
| Utilities | -1.70% |
| Castings, Forgings & Fasteners | -1.54% |
| Trading | -1.52% |
| Cables | -1.42% |
Buzzing Stocks
Sandur Manganese & Iron Ores Ltd. was in focus today, despite closing 10.41% lower at ₹494.20. The company announced its Q4 financial results, reporting an increase in EBITDA to ₹2.40 billion from ₹2.08 billion year-over-year, with an improved EBITDA margin of 39.60%. However, net profit for Q4 decreased to ₹1.40 billion from ₹1.62 billion year-over-year. On a positive note, the company's board recommended a dividend of ₹1.25 per equity share.
Market Breadth
The overall market breadth was slightly positive, indicating a balanced sentiment among investors:
| Category | Number of Scrips |
|---|---|
| Total | 4,348 |
| Positive | 2,176 |
| Negative | 2,172 |
Conclusion
In summary, the Indian stock markets closed higher on May 29, 2025, with the Nifty 50 and BSE Sensex both registering gains. The Printing & Stationery sector led the rally, while Utilities faced the most significant downturn. The market breadth remained nearly balanced, reflecting a mix of investor sentiments across various sectors.
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