Stock Market Update 29 May 2026: Sensex And Nifty 50 Open Slightly Higher

The Indian stock market indices traded marginally higher after market opening on Friday, 29 May 2026.

At around 9:17 AM, the Sensex was up by 230 points (0.3%) to trade at 76,097.40. The Nifty 50 was also up by 47 points (0.2%) to trade at 23,954.50.

Notably, the markets were closed for trading on Thursday on account of the Eid al-Adha festival. On Wednesday, both indices closed in the red.

How Other Indices Are Performing?

Not just the Sensex and Nifty, but most other indices were trading in the green during early trade on Friday.

At around 9:21 AM, Bank Nifty was up by 268 points (0.49%) to trade at 55,121.90. The Nifty Financial Services index was also trading higher by 0.15% at 25,792.10.

Among the sectoral indices, Nifty Auto (up 0.13%), Nifty Metal (up 0.07%), Nifty Pharma (up 0.69%), Nifty PSU Bank (up 0.76%), and Nifty IT (up 2.34%) all were in the green. Nifty FMCG (down 0.05%) was the only index in the red.

Top Gainers And Losers

The overall market breadth remained positive during early trade. Approximately 1,483 shares were trading in the green, whereas 1,107 shares were in the red. 212 shares remained unchanged.

The top gainers on Nifty were Wipro, Infosys, HCL Tech, TCS, and Reliance Industries. The top losers were Bajaj Auto, ONGC, Adani Ports, Coal India, and Zomato (Eternal).

Developments Shaping The Market

• US-Iran Peace Talks: There were reports that the US and Iran could reach an agreement to extend their ceasefire. The US Vice President, JD Vance, said that the two sides are close to a deal.

• Rupee Recovers: The Indian National Rupee (INR) recovered a bit after the Reserve Bank of India’s intervention in the foreign exchange market. The currency opened 0.15% higher at 95.55 per US dollar. The previous close was at 95.69.

• Positive Global Markets: Amid renewed hopes of a ceasefire agreement, most global markets were in the positive territory on Friday. As of 9:29 AM, GIFT NIFTY was trading 0.26% higher, Dow futures were up by 0.06%, Japan’s NIKKEI was up by 2.16%, Hong Kong’s HANG SENG was up by 1.12%, and Korea’s KOSPI was up by 2.83%.

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Investor Takeaway

The recent market recovery after the slump augurs well for investors. However, going ahead, a lot will depend on how the Middle East situation pans out and other national and international geopolitical developments. Investors must proceed with caution during market uncertainty.

Sources:

The Economic Times

Moneycontrol