Sensex loses 55 points

MUMBAI, May 28: Pivotals lost further ground on the Bombay Stock Exchange (BSE) today on continued selling pressure by the speculators, push...

MUMBAI, May 28: Pivotals lost further ground on the Bombay Stock Exchange (BSE) today on continued selling pressure by the speculators, pushing Sensex further down by 55 points. The market sentiments remained nervous prior to the announcements of the annual results by the cement giant ACC, steel leader Tisco and VSNL. The fresh fall in the GDRs in the overseas market also weakened the sentiment. The volume of business dropped slightly.

The BSE sensitive index fell sharply from the inter-day high of 3797.24 to 3712.52 before closing at 3721.93, with a net loss of 55.26 points against the previous close of 3777.19. Sensex has shed 185.98 points during last three consecutive trading. The BSE-100 index lost 25.47 points to 1659.40 from the previous level of 1684.87.

Brokers said that the FIIs reportedly pressed sales at the prime counters but purchased in software shares. While there was no major buying support came in from domestic institutional investors. The fresh offerings by bulls was attributed toincreased fiscal deficit that had reached 6.1 per cent of GDP as shown in the economic survey. The volume of business was down from yesterday’s turnover of Rs 1693.80 crore to Rs 1288.17 crore. ITC remained the most active scrip with a turnover of Rs 372.17 crore. ITC recovered by Rs 5.75 to Rs 716.75.

Story continues below this ad

On the NSE, depressed sentiment prevailed and pivotals declined marginally by selling pressure. The NSE-50 decreased by 15.40 points to 1075.55 against the previous close of 1090.95. The Midcap fell by 7.65 points to 1632.35.

Sixty six securities have hit their price bands today. The total turnover was Rs 1,875.65 crore.

H-1B visa fee hike, US H-1B visa policy, $100000 H-1B visa fee, India response to H-1B fee, humanitarian impact H-1B visa, Indian government on H-1B, Randhir Jaiswal H-1B statement, Indian IT companies H-1B visas, Infosys H-1B approvals, TCS H-1B visa employees, Wipro H-1B visa applications, HCL H-1B workforce, US visa restrictions 2025, H-1B visa deadline September 21, Microsoft H-1B travel advisory, Amazon H-1B visa holders, JP Morgan H-1B guidance, H-1B visa program abuse, Indian skilled workers in US, USCIS H-1B data 2023

‘I don’t know what awaits me in the US’: The lives upended by Trump’s H-1B proclamation

India3 hr ago

The recent imposition of a $100,000 fee on H-1B visas by Trump has caused chaos and uncertainty for Indian families in Dubai, leading many to rush back to the US. This has particularly affected Telugu-speaking Indians, with the Telangana IT Minister seeking intervention from the Centre.

View all shorts

Live Blog