Market tumbles for fifth day, longest slump in 7 months

By Priyanka Deshpande CNBC-TV18.com Published May 30, 2024

[{"selector":"#anim-74f7162d-1f63-4136-a56b-b2f93e2d0b30","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6d0c4fc6-2d70-4f58-87dc-7b9bb2bb24b6","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 174.31456%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Market slips for 5th straight day to post longest losing streak in 7 months

[{"selector":"#anim-4de4fa5b-a87a-4095-92bf-4363f7163d58","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-948a90c7-9334-47cd-a5bc-d66661ba4d7e","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 189.89891%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Sensex, Nifty slip 1% each, Midcap Index down over 1%, while Nifty Bank outperforms

[{"selector":"#anim-2b7a70eb-616c-4b59-a11e-073d2cdba332","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1864d956-4585-48fd-99a5-de200b99ce7f","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 214.44452%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Sensex falls 617 points to 73,886 & Nifty 216 points to 22,489

[{"selector":"#anim-4d3e8e04-5977-48de-b2b6-eef3100ad806","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99ab55c3-3b6d-4332-86dd-a02737c28c21","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 184.70418%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Nifty Bank gains 181 points to 48,682 while Midcap Index rises 699 points to 51,427

[{"selector":"#anim-f44af7b8-e0b1-4413-a4a2-40990926fb21","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e2d881a3-ba15-4522-89c3-162e54f192ab","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 184.70418%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Banking heavyweights lend support, ICICI Bank & HDFC Bank top gainers

[{"selector":"#anim-945c1742-5a15-4ad3-aefc-51de621d0a54","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e14ffd0-2c26-4648-902c-f424280abebd","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 174.31456%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tata Steel, Reliance, TCS, ITC & Bajaj Finance drag Nifty the most

[{"selector":"#anim-63f1eb01-40e6-49ce-81b0-59deda3d235a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1107eeab-967f-420e-b396-4ff114575d9c","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 184.70418%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Cummins & Alkem react sharply to company’s outlook, down 6% each

[{"selector":"#anim-673c2381-5660-4d3e-81b1-aaf898b61986","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4bc01e1c-72a7-480a-a5e0-6a745d7c5478","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 238.44457%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tata Steel falls more than 5% on mixed earnings & outlook

[{"selector":"#anim-440515dd-6957-4d19-9b4f-d4baefaf4952","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a27540dc-a924-4688-9931-96f2f25e8402","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 184.70418%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] IT stocks too come under pressure, Tech Mahindra & Wipro top losers

[{"selector":"#anim-c7a50919-6765-42eb-8e8d-96a0c91d5723","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-45a56386-6fd0-4cd0-8a44-68c0c82ad158","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 214.44452%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] GMR Airports slips despite healthy Q4 earnings, down 7%

[{"selector":"#anim-b07c3db5-204c-4df5-be5a-88e39ec75809","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Thanks For Reading! Gold price: Motilal Oswal tells investors to buy gold for ₹12,000 profit on every 10 grams Read More