Multibagger stock: Adani Power stock climbed 3.98% to a record high of Rs 725.75 against the previous close of Rs 698.20 on BSE. Market cap of the firm rose to Rs 2.74 lakh crore.
Taking Stock: Bears tighten control as Nifty closes below 22,500 on F&O monthly expiry day, Sensex slips 617 pts moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Market experts expressed concern over the negative market breadth, which is negative despite the benchmark indices hitting fresh all-time highs in the last few sessions
The domestic indices remained unfazed by US FOMC minutes released on May 22 which reinforced the likelihood of interest rates remaining higher for longer
Biggest Nifty gainers included Adani Enterprises, Adani Ports, Axis Bank, L&T, M&M, while those on the losing side were Sun Pharma, Power Grid Corp, Hindalco, Coal India and NTPC.