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Indian Stock Market Dips; FMCG Stocks Weigh Down
The Statesman Bhubaneswar
|May 29, 2025
Gold prices traded positive, taking strong support around the $3,280-$3,300 zone on Comex, while MCX gold found buying interest with gains of Rs 600 taking support of Rs 95,000
The Indian stock market closed in the red on Wednesday for the second consecutive day amid prevailing premium valuations and mixed global cues.
The Sensex closed 239.31 points or 0.29 percent down at 81,312.32 and the Nifty was down 73.75 points or 0.30 percent to close at 24,752.45.
The decline was led by FMCG stocks. The Nifty FMCG index closed down nearly 1.50 percent. Apart from this, the Nifty Auto, Pharma, Metal, Realty, Infra, Commodity and Healthcare index were in the red.
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