Mumbai, May 28, 2025 – Indian stock markets opened in the red on Wednesday, with the Sensex falling by 200.32 points to 81,351.31 and the Nifty slipping 61.2 points to 24,765. The drop was largely attributed to a steep fall in ITC shares, which declined over 3% amid reports that British American Tobacco (BAT) plans to sell a 2.3% stake in the company via a block deal. Other major laggards included IndusInd Bank, Nestle, Titan, and Reliance, while gainers included Infosys, Tech Mahindra, Bharti Airtel, and TCS.
Despite domestic market weakness, global cues were largely positive. Asian indices such as Japan’s Nikkei and South Korea’s Kospi traded higher, though Hong Kong’s Hang Seng remained subdued. In the U.S., major indices closed with strong gains on Tuesday, led by a 2.47% surge in the Nasdaq. Foreign Institutional Investors (FIIs) bought equities worth ₹348.45 crore, and Brent crude edged up 0.37% to USD 64.33 per barrel.
