Market Updates: Greenery in the Stock Market; Sensex Rises 350 Points, Nifty Crosses 23,900

May 29, 2026

Indian stock markets opened on a bullish note, with the Sensex and Nifty recovering from Wednesday’s decline and displaying a positive outlook despite the ongoing volatile political landscape in the Middle East. In early trade, the Sensex climbed 352.22 points to reach 76,220.02. The Nifty rose 95.65 points to hit 24,002.80. Subsequently, selling pressure intensified in the market. Meanwhile, the Rupee strengthened by five paise against the Dollar, reaching 95.53.

At 9:27 AM, the Sensex stood at 75,946.14, posting a gain of 78.34 points (0.10%). On the other hand, the Nifty was seen trading at 23,917.55, gaining 10.40 points (0.04%). Trading on both the BSE and NSE remained closed on Thursday on account of the Bakrid festival.

On Friday, Indian stock markets opened in the green, and strong positive trends were observed across key sectors during early trade. This market rally has brought relief to investors and signals that, despite recent volatility, the fundamentals of the Indian market remain robust.

Early Trade Figures
Domestic indices recorded impressive gains today. The BSE Sensex was seen trading at 76,135.54, up 267.74 points (0.35%). Concurrently, the NSE Nifty climbed 57.15 points (0.24%) to reach the level of 23,964.30.

Benefiting from Easing Crude Oil Prices
The greatest relief—both for stock market sentiment and on the front of controlling inflation—has come from crude oil prices. In the commodities market, Brent crude has declined by 0.93% ($0.86) to settle at $91.84 per barrel. Similarly, crude oil has slipped by 1.24% ($1.10) and is currently trading at $87.80 per barrel. Experts believe that Brent crude remaining below the $92 per barrel mark is a significantly positive sign for market sentiment. Meanwhile, gold prices witnessed a marginal uptick of 0.08%, reaching $4,499.11.

Strong Support from Global Markets
The Indian market has received positive cues from both US and Asian markets. Wall Street continues to witness a record-breaking rally, driven by tech stocks, which propelled the S&P 500 up by 0.58% and the Nasdaq by 0.91%.

This surge is primarily attributed to reduced geopolitical tensions—stemming from a stellar outlook for ‘Snowflake’ and reports of a potential 60-day ceasefire between the US and Iran. This positive sentiment also spilled over into Asian markets, where the Nikkei and Kospi indices are currently trading with significant gains.