Stock Markets News as on 29th May, 2026
Indian Stock Market Performance Today: May 29, 2026 – Sensex Nifty Crash
The Indian stock market delivered a sharp negative session on Friday, May 29, 2026, with benchmark indices closing substantially lower amid global uncertainty over the US-Iran deal and weak monsoon forecasts.
Key Market Highlights
| Index | Closing Level | Point Change | % Change |
|---|---|---|---|
| BSE Sensex | 74,775.74 | -1,092.06 | -1.44% |
| NSE Nifty 50 | 23,547.75 | -359.40 | -1.50% |
| Nifty Midcap 100 | — | -1.33% | Broader market fell |
| Nifty Smallcap | — | -0.85% | Smallcaps declined |
What drove the market decline?
- US-Iran deal uncertainty: Despite earlier ceasefire hopes, investors remained cautious as US President Donald Trump had not formally approved the agreement
- Weak monsoon forecast: Poor rainfall predictions raised concerns about rural demand and agricultural output
- Late-session crash: Nifty traded in a descending triangle pattern before breaking down, with the sell-off intensifying toward the close
- Individual stock losers: Power Grid dropped 4%, Indigo fell 3%
Market Context
The market opened positively with GIFT Nifty up 0.06% on ceasefire optimism, but the initial optimism quickly reversed. This marked a sharp reversal from Monday’s gains when Sensex had jumped 834 points on Iran deal hopes.
What investors should watch
- Final status of the US-Iran ceasefire extension deal
- Monsoon progression and rainfall data
- Technical support levels: Nifty now testing near 23,500
For traders and investors, May 29, 2026 will be remembered as a high-volatility day where global geopolitical uncertainty overrode initial positive cues, triggering a broad-based sell-off across large-cap, mid-cap, and small-cap segments.
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Nifty 50 — Top gainers and losers
The Indian stock market saw a weak close on 29 May 2026, with benchmark pressure coming mainly from heavyweight stocks rather than broad panic selling. Larsen, HCL Tech, Tech Mahindra, Wipro, and Infosys helped cushion the fall, while HDFC Bank, Reliance, ICICI Bank, Bharti Airtel, and M&M weighed on indices.
Top contributors
- Larsen led the gainers with a contribution of +7.39 and CMP 4076.50.
- HCL Tech added +4.25, Tech Mahindra contributed +3.91, and Wipro added +1.66.
- Infosys also supported the index with a smaller positive contribution of +0.76.
Stocks dragging the market
- HDFC Bank was the biggest drag with a contribution of -47.00 at CMP 744.55.
- Reliance followed with -43.08.
- ICICI Bank contributed -25.42, while Bharti Airtel and M&M also stayed in the red
Markets at Close
29th May, 2026
Nifty below 23,550, Sensex tanks 1,092 pts as auto, metal, oil & gas stocks drag
Broader markets also remained under pressure, as the Nifty Midcap index declined 1.3 percent, while the smallcap index fell 0.85 percent. Among sectoral indices, all sectors except IT (up 0.6%) ended in the red. Auto, metal, energy, and oil & gas indices were the top laggards, each falling around 2 percent. Top losers on the Nifty included Eicher Motors, InterGlobe Aviation, Power Grid Corporation of India, Oil and Natural Gas Corporation, and Bajaj Auto. On the gaining side, Tech Mahindra, HCL Technologies, Infosys, Wipro, and Larsen & Toubro ended higher.
Rupee at Close
29th May, 2026
Indian rupee ended higher by 69 paise at 95 per dollar on Friday against Wednesday’s close of 95.69.
Source : moneycontrol
FII’s & DII’s Activity on 29th May, 2026
Net value in crores
| BUY | SELL | |
| DII | 16,764.14 | |
| FII | 21,105.86 |
*Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
NOTE: *** The above information is based on the source and just for educational purposes only. Please consult your financial advisor before buying any stocks. Thank You ***
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