Morning Bell 29th May 2026 by Bajaj Broking Ltd
Market Commentary
Indian benchmark indices witnessed a choppy trading session on the monthly Sensex expiry day on May 27 and eventually ended on a muted note near the 23 ,900 mark . Market sentiment remained cautious amid rising concerns over tensions in the Middle East, while the Indian Rupee closed largely flat against the US dollar .
* At close, the Sensex declined by 141.90 points or 0 .19 percent to settle at 75 ,867 .80 , while the Nifty slipped by 6.55 points or 0 .03 percent to close at 23 ,907 .15.
* On the sectoral front, buying interest was visible in Nifty Media, Metal, and Auto stocks, which provided positive support to the broader market . On the other hand, Nifty Private Bank, Financial Services, and Oil & Gas indices emerged as laggards during the session .
* In the broader market segment, the Nifty Midcap 100 index continued its upward momentum and extended gains by 0 .42 percent, hitting fresh milestone levels .
* Gift Nifty signals a flat to negative opening for the Indian market . Nifty spot in today's session is likely to trade in the range of 23 ,700 - 24 ,050 .
Global Updates
* Wall Street put up a highly volatile, split session on Thursday as cash desks returned to normalize flow matrices . Major benchmarks initially surged to historic record highs on the early ceasefire headlines before paring back substantial chunks of those gains as the macro inflation data and fresh naval exchanges surfaced .
* The global macro framework faced wild headline swings over the last 24 hours . Negotiators from the U.S . and Iran successfully reached an outline agreement on a memorandum of understanding to extend their current ceasefire for another 60 days . The draft framework aims to keep the critical Strait of Hormuz open to all shipping .
* Asian regional layouts are putting up a highly resilient, divergent front this morning, choosing to shrug off the global macro friction to capitalise on Wall Street's technology record highs
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