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Sensex, Nifty trade flat in early deals
May-29-2026

Indian equity benchmarks made a cautious start on Friday amid uncertainty over the US-Iran conflict. As per a private report, Iran’s armed forces fired missiles at unspecified targets late Thursday. Sensex and Nifty were trading flat in early deals as traders struggled for direction and avoided risky bids ahead of weekend. Market participants also remained on sidelines ahead of major macro-economic data as well as RBI policy decision in the next week. Foreign fund outflows also dented market sentiments as provisional data showed that foreign portfolio investors (FPIs) sold shares worth Rs 1,042.70 crore in the Indian equity market on May 27, 2026. 

However, value buying in IT and Teck stocks provided some support to the markets. Also, some optimism came with firm cues from Asian counterparts as investors weighed fresh military activity involving Iran against signs that Washington and Tehran were moving closer to a temporary agreement to halt their three-month conflict.

The BSE Sensex is currently trading at 75901.34, up by 33.54 points or 0.04% after trading in a range of 75841.16 and 76220.02. There were 13 stocks advancing against 17 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 2.18%, TECK up by 1.08%, Realty up by 1.06%, Utilities up by 0.33% and Healthcare up by 0.12%, while Capital Goods down by 0.73%, Basic Materials down by 0.33%, Industrials down by 0.31%, PSU down by 0.30% and FMCG down by 0.28% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 3.85%, TCS up by 1.78%, HCL Technologies up by 1.62%, Trent up by 1.44% and Tech Mahindra up by 0.92%. On the flip side, Bharti Airtel down by 1.43%, Bharat Electronics down by 1.29%, Interglobe Aviation down by 1.09%, ITC down by 0.99% and Kotak Mahindra Bank down by 0.70% were the top losers.

Meanwhile, with an aim to double bilateral trade from the current $27 billion to $54 billion by 2030, the Commerce Ministry has said India and South Korea agreed to address the widening trade deficit within the broader framework of their bilateral trade pact. The move is likely to pave the way for a more balanced trade relationship between the two countries. The issue figured during the 12th round of negotiations on upgrading the existing Comprehensive Economic Partnership Agreement (CEPA), which was implemented in January 2010. Both sides also decided to set up dedicated sub-groups to strengthen cooperation in areas such as digital trade, supply chains, and strategic industrial collaboration.

Further, discussions were held on trade in goods, trade in services, rules of origin and origin procedures, investment, and sanitary and phytosanitary (SPS) standards. The negotiations were co-chaired by Kapil Chaudhary, Joint Secretary, Department of Commerce, and Park Geun-oh, Director General for Trade Agreement Policy, Ministry of Trade, Industry and Energy, Republic of Korea.

India's exports to Korea increased 3.31 per cent to $6 billion in 2025-26 from $5.81 billion in 2024-25. Imports grew 1.38 per cent to $21.35 billion in 2025-26 from $21 billion in 2024-25. The trade deficit widened to $15.35 billion in 2025-26, from $15.2 billion in 2024-25. The deficit stood at $14.71 billion in 2023-24, up from $14.57 billion in 2022-23 and $9.4 billion in 2021-22. The ministry said that both sides reviewed the progress achieved so far in the negotiations.

The CNX Nifty is currently trading at 23875.75, down by 31.40 points or 0.13% after trading in a range of 23872.60 and 24002.80. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Infosys up by 3.59%, Wipro up by 1.96%, Trent up by 1.73%, HCL Technologies up by 1.53% and TCS up by 1.53%. On the flip side, Bharti Airtel down by 1.52%, ONGC down by 1.24%, Interglobe Aviation down by 1.22%, Bajaj Auto down by 1.22% and Bharat Electronics down by 1.03% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 1621.88 points or 2.51% to 66,315.00, Taiwan Weighted jumped 1159.46 points or 2.59% to 44,795.90, Hang Seng rose 265.84 points or 1.05% to 25,272.00, KOSPI increased 239.18 points or 2.84% to 8,424.47, Jakarta Composite gained 86.8 points or 1.42% to 6,216.99 and Straits Times added 47.48 points or 0.95% to 5,036.67. On the other hand, Shanghai Composite weakened 15.02 points or 0.37% to 4,083.62.
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