Market fell due to the latest decision of the US court on tariff recovery
On the last trading day of the week i.e. Friday, May 30, the indian stock market started with a decline. As soon as the market opened, the Sensex fell by 140 points. And after that it fell further by 167 points. While Nifty also opened below 24,800. After the fourth quarter results of ola Electric, its stock has gone down by 7 percent. IT stocks are also under a lot of pressure.
Fall in Asian market
Amid the uncertainty over Trump's tariff, the Asian market fell on Friday. The US court first banned the tariff, then ordered to continue it. After this, Nikkei slipped 1.48 percent while the Broader Topics index also fell by 0.8 percent. South Korea's Kospi fell 0.18 percent while ASX 200 also slipped 0.19 percent.
Boom on Thursday
A day earlier, the stock market showed a boom on Thursday. The US court's stay on the trump tariff decision had a direct impact on Asian markets as well as the indian stock market. The BSE Sensex based on 30 stocks jumped 320.70 points or 0.39% to close at 81,633.02. During trading, at one point it had climbed 504.57 points to reach 81,816.89 points. While the NSE's Nifty of 50 stocks rose 81.15 points or 0.33% to reach 24,833.60.
Vinod Nair, Research Chief of Geojit Investment Ltd., says that such global sentiment improved after the US court stayed the trump tariff. RBI said that the country will remain the world's fastest growing major economy even in the current financial year (2025-26). Moreover, India's industrial production growth slowed to 2.7 per cent in april 2025 due to poor performance of manufacturing, mining and power sectors, according to official data released on Wednesday.