| Market Pulse |
Friday, 29 May, 2026 |
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Market Snapshot
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📊
Nifty 50
23,907.15
-0.03%
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📈
Sensex
75,867.8
-0.19%
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🏦
Bank Nifty
54,853.85
-0.43%
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Indian markets ended nearly flat today, with Nifty 50 and Sensex slightly down due to prevailing global uncertainties. The Federal Reserve's inflation gauge indicated persistent inflation in the US, hinting at future rate hikes. This has contributed to cautious sentiment among investors, particularly affecting Banking and IT sectors in India as FIIs pulled out ₹212 Cr. Additionally, geopolitical tensions involving the US and Iran have kept energy costs volatile, impacting investor confidence in energy and auto sectors.
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The Big Story
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📰 FEATURED
Fed's inflation gauge heats up, cementing steady rate path
BankingIT
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Expect volatility in banking and IT stocks; track FII activity closely.
WHY IT MATTERS
Persistent US inflation may lead to continued Fed rate hikes, impacting FII flows into India.
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Quick Takes
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global macro • negative
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Inflation Swamps Income Gains As Fed Eyes Rate Hike, But S&P 500 Rises
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Expect pressure on interest rate-sensitive sectors; consider defensive stocks.
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Read full report →
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commodities • negative
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Trump’s Iran Signals Send Oil Markets Into Chaos
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Rising oil prices may negatively impact oil-dependent sectors; monitor crude trends.
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Read full report →
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global macro • negative
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'We'll have to blow them up': Trump warns Oman over Strait of Hormuz, says ‘nobody’s going to control it’
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Increased geopolitical risk may pressure energy stocks and the rupee.
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Read full report →
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global macro • negative
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US carries out new strikes on Iran military site
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Prepare for potential oil price hikes impacting energy costs and inflation.
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Read full report →
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global macro • negative
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Goldman Sachs COO: Inflation is 'single biggest risk' to the economy
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Prepare for potential rate hikes; assess exposure to interest-sensitive sectors.
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Read full report →
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commodities • positive
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Crude Oil Prices Slide on US-Iran Peace Optimism
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Expect relief in oil-importing sectors; monitor crude price trends.
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Read full report →
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FII / DII Activity
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FII/FPI
Sold
₹212 Cr
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DII
Bought
₹970 Cr
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FIIs sold ₹212 Cr, DIIs bought ₹970 Cr today.
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Market Breadth
Advances: 932 ·
Declines: 781 ·
A/D Ratio: 1.19
Selective selling - index down but many stocks up
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Sector Performance
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Bank
+0.0%
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IT
+0.0%
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Pharma
+0.0%
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Auto
+0.0%
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FMCG
+0.0%
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Metal
+0.0%
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Realty
+0.0%
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Energy
+0.0%
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Infra
+0.0%
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PSU Bank
+0.0%
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Media
+0.0%
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Fin Services
+0.0%
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Bank, IT led gains while Media, Fin Services underperformed. Mixed sector performance today.
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Technical Levels
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Nifty 50
| Support |
23,869 / 23,830 |
| Resistance |
24,000 / 24,093 |
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Bank Nifty
| Support |
54,495 |
| Resistance |
55,309 |
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Nifty is in sideways trend. Trading below 200 DMA suggests caution. Short-term momentum is positive.
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Global Cues
| S&P Futures: +0.49%
Global cues mixed; expect range-bound opening
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Commodities & Forex
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Gold
₹1,56,900
+0.82%
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Silver
₹2,69,630
+1.28%
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USD/INR
Rs 95.67/USD
-0.01%
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Macro / Economic Events
| 📌 |
5 earnings results expected |
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| 📌 |
US Fed Interest Rate Decision |
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Looking Ahead
| 👀 |
US Fed Interest Rate Decision |
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Corporate Actions
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Wipro
From Gift Nifty, US-Iran peace deal, oil prices to Wipro ADR: 10 things that changed for Indian stock market overnight
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Earnings Calendar
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Wanbury
29 May
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Wealth First Portfolio Manager
29 May
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Zee Media Corporation
29 May
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DISCLAIMER
This newsletter is for informational and educational purposes only. It is not investment advice.
Markets are subject to risks, and past performance is not indicative of future results.
Consult a registered financial advisor before making investment decisions. We are not registered
investment advisors with SEBI or any other regulatory body.
AI DISCLOSURE: Some analysis is generated using AI technology and curated by our editorial team.
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