Post-Market, 29 May 2026: Sensex And Nifty 50 Slip Over 1%

The Sensex and Nifty 50 tumbled sharply in Friday’s trade. They ended the day in the red. This, as uncertainty lingered over the US-Iran deal. At the closing bell, the Nifty 50 stood at 23,547.75, down 1.50%. The Sensex stood at 74,775.74, down 1.44%.

The broader markets mirrored their benchmark counterparts with the Nifty Midcap 100 and the Nifty Smallcap 100 ending the day 1.33% and 0.85% lower, respectively.

3 Reasons For Market Decline

Markets declined on the heels of several weak global and domestic cues, including:

● Uncertainty over the US-Iran peace deal, which is yet to be approved by US President Donald Trump.

● Offloading of shares by foreign investors who sold shares worth ₹1,040 crore on Wednesday, according to provisional data.

● Weaker monsoon prediction by the India Meteorological Department, which downgraded the southwest monsoon forecast from 92% to 90%.

Companies Declaring Q4 FY26 Results

The following entities declared their Q4 FY26 results today:

● BEML: The company’s net profit was down 37.5% year-on-year (YoY) and stood at ₹180 crore in Q4 FY26 versus ₹288 crore in Q4 FY25. Its revenue in Q4 FY26 was up 8.6% YoY and stood at ₹1,794 crore versus ₹1,653 crore in Q4 FY25.

● Jamna Auto: The company’s net profit in Q4 FY26 was up 73.4% YoY and stood at ₹87.3 crore versus ₹50.3 crore in Q4 FY25. Its revenue was up 31.7% YoY and stood at ₹840 crore in Q4 FY26 versus ₹638 crore in Q4 FY25.

● Ganesh Housing: The company’s net profit in Q4 FY26 was down 62.8% YoY and stood at ₹61.4 crore versus ₹165 crore in Q4 FY25. Its revenue was down 62.2% YoY and stood at ₹95.1 crore in Q4 FY26 versus ₹251 crore in Q4 FY25.

● Steel Strips: The company’s net profit was up 0.3% YoY and stood at ₹60.8 crore in Q4 FY26 versus ₹60.7 crore in Q4 FY25. Its revenue was up 19.5% YoY and stood at ₹1,475 crore in Q4 FY26 versus ₹1,234 crore in Q4 FY25.

● Aegis Logistics: The company’s net profit was up 45.7% YoY and stood at ₹410 crore in Q4 FY26 versus ₹282 crore in Q4 FY25. Its revenue was up 52.2% YoY and stood at ₹2,594 crore in Q4 FY26 versus ₹1,705 crore in Q4 FY25.

● Asian Paints: The company’s net profit was up 69.4% YoY and stood at ₹1,172 crore in Q4 FY26 versus ₹692 crore in Q4 FY25. Its revenue was up 10.6% YoY and stood at ₹9,247 crore in Q4 FY26 versus ₹8,359 crore in Q4 FY25.

Other Major Headlines

Here are some other major headlines of the day:

● The Reserve Bank of India (RBI)'s foreign exchange transaction saw a massive surge of 52% in FY 26 and rose to ₹1.69 lakh crore.

● The consolidated net profit of listed commercial banks stood at over ₹4 lakh crore in FY26. The State Bank of India, HDFC Bank and ICICI Bank contributed more than half the amount.

● As per reports, Kwality Wall's is contemplating replacing palm oil with dairy ingredients in a bid to position itself as a completely dairy-based ice-cream maker.

Also Read - SME-To-Mainboard Migrations Rise As Retail Interest Surges

Gold And Silver Watch

Gold and silver edged higher in early trade on the Multi-Commodity Exchange of India (MCX) with markets assessing the ceasefire developments surrounding the US and Iran. However, they lost some ground as the day progressed.

At 15:40, Gold June futures on the MCX stood at ₹1,56,097 per 10 grams, down 0.53%. July silver futures during the same time stood at ₹2,67,210 per kg, down 0.86%.

Market participants are likely to remain cautious in the coming sessions as uncertainty surrounding the proposed US-Iran deal continues to weigh on sentiment. Persistent foreign fund outflows and concerns over a weaker monsoon outlook may also keep volatility elevated.

Sources:

Moneycontrol

NDTV Profit

The Economic Times