Mumbai, May 31
Indian stock markets ended the week on a cautious note, marking the second consecutive week of consolidation. This subdued performance came amid ongoing global trade tensions and anticipation surrounding domestic policy developments, analysts said on Saturday.
The benchmark indices, Sensex and Nifty, witnessed notable volatility through the week, eventually closing lower as investors reacted to uncertainties over U.S. tariff developments and awaited the Reserve Bank of India’s (RBI) upcoming monetary policy decision. By the end of the week, the Nifty settled at 24,750.70, while the Sensex closed at 81,451.01.
“Despite encouraging domestic cues, mixed signals from global markets kept investor sentiment on edge. Initially, optimism prevailed following the RBI’s record dividend payout and positive updates regarding the monsoon,” said Ajit Mishra, SVP, Research, Religare Broking Ltd.
Sectoral performance remained mixed in line with the overall market consolidation. The realty index extended its winning streak for the third consecutive week, while banking and energy sectors also ended in the green.
Conversely, FMCG, auto, and metal stocks underperformed and emerged as top laggards. Among the broader markets, both the midcap and smallcap indices managed to register gains of nearly 1.5 per cent each despite the choppy trading environment.