Aditya Roy/AI-Generated Image
Dalal Street had a rough landing today. Despite global markets flashing green, Indian indices tripped on their own shoelaces. The Sensex slipped 240 points to end at 81,346, while the Nifty gave up 70 points to finish just below the 24,800 mark.
So, what went wrong? In one word: ITC.
What's happening?
It was a choppy session throughout. The market tried to stay afloat in the first half but lost steam as heavyweight stocks dragged the indices down.
- ITC crashed nearly 3 per cent after British American Tobacco (BAT) sold a stake worth over Rs 13,000 crore through block deals.
- IndusInd Bank, Nestlé and UltraTech Cement also added to the pressure.
- On the flip side, select IT and financial names like HDFC Life and Bajaj Finance held firm.
Investors took some money off the table, and that profit booking led to the red close.
Top five movers today
Here's how the biggest gainers and losers stacked up.
| Top gainers | Change (%) | Top losers | Change (%) |
|---|---|---|---|
| HDFC Life | 1.5 | IndusInd Bank | -1.9 |
| Bharat Electronics | 1.3 | Apollo Hospitals | -1.8 |
| Bajaj Finance | 1.2 | UltraTech Cement | -1.8 |
| Hero MotoCorp | 0.9 | Hindalco | -1.6 |
| Bharti Airtel | 0.6 | Nestlé India | -1.6 |
| Data as of May 28, 2025. Source: NSE | |||
What should investors do?
The correction wasn't about panic, it was classic pre-election nervousness and profit booking. Large block deals, such as BAT's ITC sale, tend to spook the market, especially when valuations are already rich.
However, this also indicates that investors are closely monitoring macro signals and are quick to cash out on rallying stocks when they sense risk.
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Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a grain of salt and conduct your own research or consult a financial advisor before making any investment decisions.
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