The Indian equity indices closed on a negative note for the second trading session on May 29. The Nifty 50 closed 183 points or 0.80% lower at 22,704.70. Similarly, the BSE Sensex settled down 667.55 points or 0.89% lower at 74,503. Bank, financial services, and IT stocks were the major draggers. HDFC Life Insurance, SBI Life Insurance, ICICI Bank, Tata Consumer Products, and Tech Mahindra were the major losers in the Nifty 50 on May 29.
Sectoral indices lower
The Nifty Midcap 100 dipped 169 points or 0.32% to settle at 52,125.75. Nifty Bank closed 640.80 points or 1.30% at 48,501.35. In the broader market, smallcap and midcap stocks closed in the red.
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