Stocks lose control, Sensex crosses 600 mark

Stock market: The domestic stock market seems out of control. It fell for the sixth day in a row on Thursday, May 30, 2024, amid millions of efforts to contain it. Worryingly, the key sensitive index of the Mumbai Stock Exchange (BSE) and the National Stock Exchange (NSE) Nifty posted big declines for the second day in a row. At the close of trade, the BSE Sensex closed down 617.30 points, or 0.83 per cent, at 73,885.6 points. Meanwhile, the NSE Nifty also fell 216.05 points or 0.95 per cent to settle at 22,488 points. Alkem Lab suffered the biggest blow among Sensex listed companies. At the close of trade, the company's shares fell by Rs 315.65, or 6 per cent, to close at Rs 4,946.80. Apart from this, Cummins was among the biggest losers. Its shares fell by Rs 237.85 or 6.20 per cent to Rs 3,596.80. Along with this, companies like GMR Airport, Hind Copper, Reliance Industries, Tata Steel and Vodafone are losing. Page Industries was in profit, while among the Sensex companies, during this period of major decline in the stock market, shares of Page Industries ended higher. At the close of trade, the company's stock closed at Rs 37,964.70 with a gain of Rs 1,478.90 or 4.05 per cent. Along with this, Interclap Aviation stock is the second gainer. Shares of the company closed at Rs 4,162.20, a gain of Rs 134.65 or 3.34 per cent. Apart from this, they include Motherson, Sun TV Network, HDFC Bank, ICICI Bank, Emami, KNR Construction and Saregama India. Emami reached a maximum of 52 weeks. Is the market suffocating for a long time or is World War III coming? Speaking of the rest of the world's markets, find out what experts say about US's Dow Jones losing ground while London's FTSE is in profit. In the international market, gold was down $5.31 an ounce, or 0.20 percent, at $2,333.64 an ounce. Meanwhile, MCX also declined by Rs 433 or 1.00 per cent to settle at Rs 71,760 per 10 grams. Apart from this, Crude oil was down 0.48 percent at $78.89 a barrel and Brent crude was down 0.46 percent at $83.16 a barrel. If inflation is under control, rural India will 'bomb'.