MARKET UPDATE 30 MAY: SENSEX, NIFTY OPEN IN NEGATIVE TERRITORY, EDELWEISS FINANCIAL SERVICES FALLS 

LIC Market Update 30 May: Sensex, Nifty Open in Negative Territory in Red

Market Opening

The benchmark indices opened in the negative territory. Nifty 50 drops 0.38% to 22,617.45, while Sensex falls 0.18% to 74,356.90.

Bank Nifty Performance

Bank Nifty index opens lower by 0.39%, settling at 48,313.60. It shows a shift in sentiment, trading below the 21-day EMA.
Bank Nifty’s support is at 48,400, resistance at 49,000. If it stays below 21-day EMA, it may fall to 48,000.

Key Levels for Bank Nifty

Shares of Edelweiss Financial Services fell over 17% to Rs 65.20. The drop follows RBI's restrictions on its two entities.

Edelweiss Financial Services Plunge

On May 29, 2024, FIIs sold shares worth Rs 5,841.84 crore, while DIIs bought shares worth Rs 5,233.79 crore according to NSE data.

FII and DII Activity

Open Demat
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