Nifty tests 16,500 levelNifty tests 16,500 levelBenchmark indices declined on Tuesday, May 31, 2022 after a three-day rally, with the Sensex falling 407 points in early trade, mainly dragged down by selling in index majors Infosys, TCS and HDFC. The 30-share BSE Sensex was trading 406.66 points lower at 55,519.08. The broader NSE Nifty declined 119.4 points to 16,542. From the Sensex pack, Titan, Infosys, HDFC, HCL Technologies, Hindustan Unilever, TCS, Sun Pharma, RIL and Kotak Mahindra Bank were the major laggards. Foreign institutional investors turned net buyers as they bought shares worth ₹502.08 crore on May 30, 2022, as per stock exchange data.

Source: The Hindu May 31, 2022 07:30 UTC